The Mac Observer

Skip navigational links

You're viewing an article in TMO's historic archive vault. Here, we've preserved the comments and how the site looked along with the article. Use this link to view the article on our current site:
Apple Shares Tumble After-Hours on Disappointing Q2 Forecast [Update]

TMO Reports - Apple Shares Tumble After-Hours on Disappointing Q2 Forecast [Update]

by , 4:40 PM EST, January 18th, 2006

In after-hours trading on Wednesday, Apple shares had dropped to US$78.29, down 5.09% or $4.20, as of 4:40 PM EST, despite reporting record financial numbers for the previous quarter. Apple's stock historically drops after earnings announcements, whether they're good or bad. In this case, however, the markets reacted negatively to Apple's Q2 guidance, which was lower than consensus estimates.

The Wall Street Journal reported that Thomson Financial's estimate going into today's earnings announcement from Apple was for Q2 revenue of $4.63 billion and 48 cents per share in earnings. Apple offered guidance Wednesday of $4.3 billion in revenue and 38 cents per share in earnings.

Amid broader NASDAQ weakness, the company's stock closed Wednesday at $82.49, down $2.22 (-2.62%). After hours trading did see a slight recovery up to the $80 per share range after the initial downturn.


If you are interested in Apple's stock, join our forum members in the Apple Finance Boards, a moderated forum for Apple Investors and people who are interested in Apple's financial dealings. For other stories regarding Apple's stock activity, visit our updated Apple Stock Watch Special Report.

Recent Headlines - Updated November 26th

Tue,9:01 PM
BuzzFeed Uses Apple Watches to Incentivise Staff
8:14 PM
The SKEYE Nano Drone Quadcopter: $34.99
4:52 PM
Black Friday 2014: The Best iPhone Deals
4:34 PM
Best Buy Black Friday Deals Available This Minute
3:45 PM
OS X Yosemite: How to Reset Your Administrator Password
1:10 PM
TMO Daily Observations: 2014-11-25
11:56 AM
LEGO Batman 3: Beyond Gotham gets Black Friday Launch
10:21 AM
Susquehanna Raises AAPL Target to $135 on Strong iPhone 6 Demand
9:14 AM
Apple Highlights Continuity, Gaming in New iPhone 6 Ads
Mon,10:39 PM
TMO Giveaway for Arcsoft Simplicam Winner
8:30 PM
Three of Time’s Top Ten Gadgets are Apple’s, One Hasn’t Even Shipped
7:07 PM
Black Friday 2014: 4 Best iPad Deals
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!