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Apple's earnings: The Street's big miss
The professional analysts were bested -- once again -- by the bloggers
There's a good reason most Wall Street analysts don't publicly review their predictions after the fact. It's called self-preservation. Who wants to advertise how badly they misunderstood the companies they follow?
Case in point: Apple (AAPL), and the quarterly report it issued Monday afternoon. Apple management gave ample warning that it wanted to change its accounting procedures under the rules MORE
Philip Elmer-DeWitt - Jan 26, 2010 4:39 AM ET
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| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 7.17 | 0.19 | 2.72% |
| Ford Motor Co | 10.41 | 0.22 | 2.16% |
| Microsoft Corp | 29.11 | -0.65 | -2.18% |
| General Electric Co | 19.18 | 0.00 | 0.00% |
| JPMorgan Chase and C... | 34.26 | 0.25 | 0.74% |
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,496.15 | -6.66 | -0.05% |
| Nasdaq | 2,850.12 | 11.04 | 0.39% |
| S&P 500 | 1,318.86 | 2.23 | 0.17% |
| Treasuries | 1.77 | 0.05 | 2.91% |
| Facebook's IPO: Sorting through the legal mess | ||
| HP to cut 27,000 jobs | ||
| Stocks set to open higher | ||
| HP prepares to announce mass layoffs | ||
| More than 30% of mortgage borrowers still underwater |
