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

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.

Recent TMO Headlines - Updated October 26th

Wed, 9:19 AM
iOS 10.1: Turning Off Duplicate Portrait Mode Images
Wed, 9:00 AM
Martian Notifier Smartwatch: $29.99
Tue, 8:43 PM
Apple Says It Will Return to Revenue Growth in December Quarter
Tue, 7:07 PM
Tim Cook: Giving Up Privacy with Siri and AI is a False Choice
Tue, 5:51 PM
macOS Sierra 10.12.1 Leaks New MacBook Pro Images
Tue, 5:02 PM
Apple Beats Guidance with Q4 Earnings, Guides Q4 Above Consensus
Tue, 2:20 PM
Existing Home Routers Could Be Used to Stop DDoS Botnet Attacks
Tue, 1:06 PM
TMO Daily Observations 2016-10-25: iMessage Wish List, Original iPod Music Collection
Tue, 11:55 AM
MyScript Nebo iPad Pro Note Taking App Temporarily a Free Download
Tue, 10:52 AM
tvOS 10.0.1 Update Improves Security, Skips Single Sign-on
Tue, 9:46 AM
AAPL Q4 2016 Earnings Report Coverage this Afternoon
Tue, 9:00 AM
Last Chance for The Award-Winning Mac Bundle
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!