The Mac Observer

Skip navigational links

Featured Article: Analyst: Apple to Sell 11M iPhones in 2008, 17M in 2009

Markets Focus on Lower Guidance, AAPL Down in After Hours Trading

by , 6:25 PM EDT, April 23rd, 2008

While Apple turned in stellar financial results for the March quarter that were well ahead of analyst predictions, the after hours market focused on the company's guidance for the third quarter, which came in below consensus estimates, and sent the stock trading lower.

Apple offered guidance of US$1 per share in profits for Q3, which was short the $1.09 Wall Street is looking for. The company also forecast revenue of $7.2 billion, which was also lower than the consensus estimates of $7.22 billion.

Shares in AAPL are currently trading at $161.81 per share, down $1.08, in the extended session, and spent most of the after hours session trading between $4 and $7 per share lower.

Guidance often trumps current quarter results for traders, especially for a company like Apple where much of its stock market valuation is based on future results. So, while the company crushed Q2 estimates, Wall Street may well be asking what Apple will do for them next week, next month, or next quarter.

During the regular trading session, shares in AAPL closed at $162.89, up $2.69 (+1.68%). Read our full coverage of the quarterly results for more information on the company's Q2 results.

*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.  


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.

Observer Comments

Show: Subjects Only | Full Comments
View Name:Guest
Subject: Short memory?
Comment on this Article


You cannot edit your comments.   You cannot delete your comments.
Log in | Register | Having Problems? Reset TMO Cookies & Try Again
Username:   Password:   Log me on automatically each visit   

You are not logged in, and this post will appear as "Guest." Log in with your username and password from the TMO forums. If you do not have a username, you can register here.
Please note that guests are limited to including a maximum of two URLs per post.


Post A Comment
  Subject


  Your Comments



Please enter the word exactly as you see it in the image above. Registered users aren't prompted for this. Having trouble reading the image get a new one.


Recent Headlines - Updated Friday, May 16th, 2008

Fri., 8:00 PM
iPodObserver - Dr, Danger, Brickfilms, Narnia and More
5:10 PM
StrangeCharm - Explosions and Debris (Week of May 12)
4:15 PM
TMO's DealsOnTheWeb.com - 8GB iPod Touch: $229 Delivered
3:35 PM
Safari Suffers from "Carpet Bomb" Issue
2:55 PM
iPodObserver - Barack Obama's Smartphone of Choice
2:35 PM
Parallels Releases Update for Vista SP1 and XP SP3
1:00 PM
iPodObserver - AT&T: Back to Three iPhone Limit Per Customer
12:55 PM
Mac Gaming News - Macgamestore Intros Agatha Christie: Peril at End House
10:35 AM
Hot Forum Topic - The iPhone's Growing Global Reach
10:05 AM
Unparsed - I found Those Missing iPhones!
9:45 AM
Fone2Phone 2.01 Improves Performance, Cell Phone Support
9:20 AM
Apple Scores 2 Black Pencils at D&AD Awards
8:40 AM
Yahoo to Icahn: Get a Clue
8:05 AM
iPodObserver - Orange Gets Europe, Middle East, Africa iPhone Deal
7:30 AM
TMO Quick Tip - Quick Look: Web Archives
 

The Mac Observer Reader Specials

Apple Stock Quote

  • AAPL: $187.6201. Change Today: -2.1099.
  • (Prices delayed up to 20 minutes.)
  • Discuss in our Apple Finance Board

Hot Topics

Top Deals From DealsOnTheWeb