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 TMO Headlines - Updated October 1st

Sat, 9:00 AM
The Mac Observer's iOS 10 Tip Roundup
Sat, 8:30 AM
J.D. Powers Finds Apple Music Customers Have Highest Customer Satisfaction
Fri, 10:21 PM
Warhammer 40,000: Dawn of War II Hits Mac and Linux
Fri, 4:54 PM
Evidence is Mounting: Apple Will Convert the Macs to ARM CPUs
Fri, 1:38 PM
TMO Daily Observations 2016-09-30: iPhone Lightning Headphone Adapters, Listener Comments
Fri, 12:03 PM
A Game of Thrones Gets Enhanced Edition Exclusive to iBooks
Fri, 11:25 AM
macOS Sierra: Fast Sound Settings from the Menu Bar
Fri, 11:24 AM
iLDOCK on Kickstarter: Lightning Port and Headphone Jack for iPhone 7
Fri, 10:00 AM
Get 8 Mac Utilities for Free
Fri, 9:57 AM
CW Shows Come to Apple TV, No Cable Subscription Required
Thu, 9:34 PM
Safari 10: Hide Flash from Every Website Except Some
Thu, 6:53 PM
Use 3D Touch in LINE to Read Messages without a Read Receipt
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!