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:
Caris & Co. Ups Estimate for Apple's FY Q2

Caris & Co. Ups Estimate for Apple's FY Q2

by , 3:55 PM EDT, April 18th, 2008

Shebly Seyrafi with Caris & Co has said that Apple is likely to beast expectations in its fiscal year second quarter report, according to Barron's on Friday. If so, that would parallel recent good results from Google and Intel.

Mr. Seyrafi sees Apple, driven by strong Mac shipments and better than expected gross margins, reporting revenue of US$7.04B, up from $6.93B. Earnings per share (EPS) looks like $1.12 compared to the consensus $1.06.

Apple previously provided guidance of $6.8B and $0.94 EPS.

The analyst is expecting 9 million iPods to have been shipped, 2.14 million Macs and 2 million iPhones.

On April 11th, Bernstein Research analyst Toni Sacconaghi predicted 10.2 million iPods, 2.08 million Macs, 1.45 million iPhones, and revenue of US$6.99B.

Mr. Seyrafi is maintaining an Above Average rating for AAPL and a target price of US$170. In afternoon trading, AAPL broke $160, hitting 160.54, up $6.05 for the day.


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.


In the interest of full disclosure, the author holds a small share in AAPL stock that was not an influence in the creation of this article.

Recent Headlines - Updated June 30th

Tue,7:15 PM
Eight Weeks With the MacBook Keyboard: Total Love
6:42 PM
Apple Updates GarageBand for Mac and iPhone: New Drummers, Apple Music Connect, Force Touch
6:25 PM
Apple Releases iTunes 12.2 Update with Apple Music Support
6:16 PM
How to Request Songs on Beats 1 Radio
5:22 PM
Apple Music Turns to Tumblr for Beats 1 Show Schedule
5:21 PM
Pay What You Want for the iOS Designer Bundle
4:39 PM
Apple Says iTunes 12.2 ‘Coming Soon’ for Mac and Windows
4:19 PM
Apple Patches 45 Security Flaws in OS X Yosemite, Mavericks and Mountain Lion
3:26 PM
Apple Squashes EFI Flash Memory Security Holes in OS X Mavericks and Mountain Lion
1:53 PM
TMO Daily Observations 2015-06-30: Apple Music First Impressions
12:42 PM
Apple’s new iTunes Terms & Conditions highlight Apple Music, Expose iCloud Music Library
11:52 AM
Apple Music Officially Launches with iOS 8.4 Release
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!