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 June 25th

Mon,12:40 PM
Three Ways to Protect your Apple Watch (and One Way Not To)
Fri,7:00 PM
Apple Kills the Thunderbolt Display - Will the Mac Pro Be Next?
6:54 PM
6 Great Display Choices for Your MacBook Pro and Mac Pro
6:25 PM
Apple Drops 2.81% in Broad Brexit Selloff
5:01 PM
G Cloud Unlimited Backup for iPhone and Android: 5-Year Subscription for $29.99
1:46 PM
TMO Daily Observations 2016-06-24: Goodbye Thunderbolt Display, Spinning off the Mac
11:48 AM
Plex Media Server Turns 1.0!
9:05 AM
OS X: Using Policy Banner for Custom Login Screens
Thu,9:01 PM
Apple Discontinues Thunderbolt Display, Directs Customers to Unspecified 3rd Party Displays
8:55 PM
Apple Adds RAW Support for 15 DSLR Cameras from Canon, Olympus, Panasonic, Sony
6:20 PM
How to Display Calories or kJ on your iPhone/Apple Watch Health Apps
5:20 PM
Ingrein ‘Smartclock’ Shows Important Notifications to Help You Detach from Your Screen
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!