Earnings

  • At $385.10, Apple Inc. ex-cash has never been so cheap

    Is there no limit to how much value Wall Street can take out of the stock?

    FORTUNE -- In the fall of 2000, when you could buy Apple (AAPL) for $7, the stock's value measured by how much profit it was generating for each outstanding share -- the famous PE ratio -- hit an all-time low of 5.76, according to Wolfram Alpha (see chart below).

    On Friday morning, when the stock touched MORE

    - Apr 19, 2013 8:27 AM ET
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  • eBay's post-turnaround message: Come on back

    Retooled e-commerce giant eBay wants users to take a second look.

    By Kevin Kelleher, contributor

    FORTUNE -- Analyst day is one of the less exciting rituals in Silicon Valley. It usually involves updating a Powerpoint made for a recent investment conference, appending a question-and-answer session, and waving goodbye to investors as they walk out with the logo-ed tchotchkes destined for a wastebasket.

    eBay's (EBAY) analyst day last Thursday, however was a notable exception. MORE

    Apr 2, 2013 7:07 AM ET
  • Apple's first quarter of negative income growth since 2003

    It ends this week. Investors might as well get ready for the negative headlines.

    FORTUNE -- The bad news is that every analyst we've surveyed -- even the most bullish -- believes that for the first time in a decade Apple (AAPL) will report that its income this quarter was lower than the same quarter the year before.

    According to Thomson Financial, the consensus EPS for fiscal Q2 2013 on Friday was MORE

    - Mar 24, 2013 9:43 AM ET
  • IPO: May be hazardous to CEO health

    Initial public offering side effects include first-day pop followed my painful malaise. Take with caution.

    By Kevin Kelleher

    FORTUNE – First Groupon fired Andrew Mason. Now Pandora says Joe Kennedy is leaving Pandora. Being a CEO of a company that made a splash in the public markets with high-flying IPOs is starting to look like a job hazard.

    Pandora (P) priced its shares at $16 in June 2010. On its first day of trading, MORE

    Mar 8, 2013 10:02 AM ET
  • Apple analysts: Stupid or lazy?

    Lazy, according to a study of firms, like Apple, with periodic 14-week quarters

    FORTUNE -- One of the mysteries that lingers from Apple's (AAPL) most recent quarterly report -- when the company failed to meet Wall Street's expectations and its stock suffered its worst one-day loss in four years -- was whether the analysts who set those expectations were aware that the quarter was one week shorter than the same quarter MORE

    - Feb 2, 2013 3:14 PM ET
  • Apple's mixed Q1 2013 results: What the analysts are saying

    The analysts weren't as freaked out as the traders seemed to be

    FORTUNE  (Koh Ngai, Thailand) -- There was mild disappointment here and there, but most analysts reacted calmly to a holiday quarter report that carved more than $50 billion off Apple's (AAPL) market cap in after-hours trading.

    A sampling of the notes to clients posted Wednesday evening:

    Katy Huberty, Morgan Stanley: March Q Another Tough Comp; Catalysts Hit in F2H13. C4Q revenue beat guidance MORE

    - Jan 23, 2013 9:13 PM ET
  • Shaw Wu raises iPhone 5 estimates, lowers iPad mini

    Bottom line: Margins up, revenues down, earnings unchanged. The stock: who knows?

    FORTUNE -- Citing supply chain sources, Sterne Agee's Shaw Wu fine-tuned his Apple (AAPL) estimates again Wednesday:

    He raised his iPhone unit sales estimates for this quarter to 47.5 million (from 47.3 million) based on improving yields and availability. (The iPhone 5 launched in Korea last Friday and lands in 50-plus more countries this Friday.)
    He lowered his iPad estimates to 23.5 million (from 25 MORE

    - Dec 12, 2012 8:27 AM ET
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  • Apple Q4 earnings beat guidance, miss the Street's lowered expectations

    Reports $36 billion in revenue, $8.2 billion profit and $8.67 earnings per share

    FORTUNE -- Apple's (AAPL) reported mixed results Thursday. Although its sales of nearly $36 billion beat both its guidance and Wall Street's estimates, its earnings came up slightly short.

    At $8.67 per share, they were higher than the company's usual conservative guidance of $7.05. But they were less than the $8.75 Wall Street was expecting -- and that number had MORE

    - Oct 25, 2012 4:58 PM ET
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  • Tech investors brace for a cruel summer

    The living will most definitely not be easy. A sense of deep unease is settling in among technology investors as second-quarter earnings approach.

    By Kevin Kelleher, contributor

    FORTUNE – Summertime may be when the living is easy for many people, but not for tech investors this year. As the time draws near for many companies to report their second-quarter earnings, a last-minute sense of unease is setting in among investors and analysts.

    Since MORE

    Jul 13, 2012 9:50 AM ET
  • Silicon Valley's new fashion: The stock dividend

    Over the past two decades, investing earnings in buybacks or future growth has trumped the stodgy old dividend ­ and nowhere more so than in the tech industry. That is changing.

    By Kevin Kelleher, contributor

    FORTUNE -- As long as there have been dividends, there have been arguments between shareholders and company managers over whether to pay them. The strongest argument against paying dividends was profit growth: If a company can reinvest MORE

    Jun 29, 2012 6:44 AM ET
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