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 September 2nd

Tue,1:03 PM
TMO Daily Observations: 2014-09-02
11:22 AM
Analyst: New iPhones Coming, Maybe an iWatch, too
10:13 AM
Report Claims iWatch Still in Testing, No Sept 9 Unveiling
8:50 AM
Apple Lands Digital Wallet Deal with Amex, Visa, MasterCard
Mon,5:52 PM
Apple Fixes iCloud Security Gap, ‘Actively Investigates’ Celeb Photo Theft
8:00 AM
Happy Labor Day
Sun,5:23 PM
How to Use a FLIR Camera to Steal a PIN Code, and How to Stop It
3:54 PM
Apple’s Spaceship Campus through a Drone’s Eye
Fri,8:00 PM
Get Free Bitcoins with 45 Website Faucets that Really Pay [Update]
7:56 PM
Level Up Contacts with Contact Center
6:40 PM
8 Predictions for Apple’s September 9 Media Event
5:15 PM
How To Tell iMessages From Text Messages
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!