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Apple (AAPL) is likely to give March-quarter guidance below the consensus estimate of analysts despite the expected launch of the Apple Watch, Morgan Stanley analyst Katy Huberty said Tuesday. Apple is widely expected to report strong December-quarter results thanks to its iPhone 6 smartphone lineup, so attention is shifting to the current quarter, she said in a research note. Apple is scheduled to report fiscal first-quarter earnings after the arket close on Jan. 27. Analysts polled by Thomson Reuters expect Apple to earn $2.59 a share, up 25% from the year-earlier quarter, on sales of $67.32 billion, up 17%. For the current quarter, analysts are modeling earnings per share of $2, up 20%, on sales of $53.71 billion, up 18%. March-quarter guidance “may be slightly below consensus revenue estimates, especially with a large (foreign exchange) headwind, but this is in line with recent guidance trends,” Huberty said. Apple has guided… Scalper1 News
Scalper1 News