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 June 29th

Tue, 4:11 PM
Apple TV+ Signs First-Look Deal with Maya Rudolph's Animal Pictures Following 'Loot' Premiere
Tue, 3:31 PM
Tales From the Rumor Mill: What's Next for Apple TV Including New Chip, RAM, Siri Remote and More
Tue, 3:28 PM
Apple Watch ECG Technology Infringes on AliveCor’s Patents, ITC Rules
Tue, 1:51 PM
Russia Fines Big Tech Companies Over User Data and Apple May Be Next
Tue, 12:38 PM
Foxconn Offers Summer Employee Bonus to Increase iPhone 14 Production
Tue, 8:47 AM
Rumored iPad mini 7 With 120Hz ProMotion Display Unlikely
Tue, 7:37 AM
Apple Creative Projects Showcases Artist Quentin Jones Creating Mantra Collages on iPad
Tue, 7:32 AM
Apple Shuts Down Hermit Spyware Distributed as Fake Enterprise App on iOS Devices
Mon, 4:18 PM
How Apple Watch Mirroring Works on iOS 16
Mon, 3:33 PM
Apple Suppliers Begin Shipping iPhone 14 Components
Mon, 3:29 PM
Tesla CarPlay Workaround Update Now Offers Support for All Tesla Models
Mon, 2:39 PM
Trailer for Apple TV+ San Fransisco-Thriller 'Surface' Goes Live
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Daily Observations
  • TMO on Twitter!