Scalper1 News
Apple’s (AAPL) blockbuster September-quarter earnings report released late Monday bodes well for the holiday sales season, analysts say. The usually conservative Apple set a revenue target for the current quarter well above what Wall Street was modeling. Apple is shooting for fiscal Q1 sales of $65 billion at the midpoint of its guidance, compared with analyst expectations for $63.5 billion. This is only the second time in eight quarters that the company has guided above Wall Street consensus, Bernstein Research analyst Toni Sacconaghi said in a note Tuesday. “We also note that Apple has historically guided revenues conservatively, typically eclipsing or coming in at the high end of its guidance,” Sacconaghi said. Apple’s implied earnings per share of $2.31 to $2.55 for fiscal Q1 are roughly in line with analysts’ consensus of $2.40, he said. “Overall, Apple projected a very bullish tone — it dramatically accelerated its share repurchases… Scalper1 News
Scalper1 News