friday after the close would be a splendid time for a warning. so the market should begin to discount this horrible news with a selling volume slide his afternoon.
happy earnings season everybody.
They always have a pretty good idea, but they won't have to tell until they consolidate them. I always have stops on all my positions so I don't have to keep an eye on. Heading out for the day, so you can watch for me. It's going to be ugly when they tell!!
There is no such law. They pre announce to lessen litigation risk if the news is very bad. Apple does not do it.
You realize don't you that they already know the answer. Do you think mgmt sits around like us and reads message boards. They review sales data every day and summarize at least weekly. They trend and project earnings, revenue and outlook and are probably within a few $$ of accuracy. The qtr ended 31 March so they are now finalizing the numbers and making adjustments and trying to determine what needs to be said/done to stop the bleeding or else how to leverage on their success. But the public are the only ones in the dark.
Beck Diefenbach, Reuters
Apple announces first-quarter 2013 earnings results on April 23. Earnings are expected to come in at $10.11 per share, down from the $13.53 EPS the company posted in the fourth quarter and slightly below the $10.14 per share the company made in the first quarter of 2012.
The stock has lost nearly 40 percent of its value since topping out at $705.07 in September, and many investors continue to struggle with where it goes next.
According to Morgan Stanley analyst Katy Huberty, those hoping for an Apple earnings rebound in the second quarter of 2013 are likely to be disappointed, and shares may even head lower after Apple announces its first quarter earnings later this month, as she expects weaker forward guidance from management than the market currently expects.
If that sparks a further sell-off in Apple, though, then Huberty is a buyer.
In a note to clients this morning, she writes:
March quarter gross margin and June quarter EPS guide the most important metrics in C1Q, potentially helping build confidence around Apple’s ability to hold gross margin while introducing lower priced products. iPhone and iPad units are less relevant this quarter, in our view, given likely inventory adjustments and delays ahead of product launches in September.
What to do with the stock and upcoming catalysts: We see potential near-term share price weakness on a lower than expected June quarter EPS guide. But, we are buyers ahead of June into the following catalysts: 1) Preview of iOS 7 at WWDC in June which could highlight a new “killer app” such as mobile wallet, 2) A lighter 9.8-inch iPad and new iPad Mini in September quarter, 3) New iPhone 5S and lower-priced iPhone launch in September.
Why would the numbers come in 11 days after the quarter? Do you believe a company as sophisticated as Apple wouldn't know the numbers sooner? Do you not realize that the same internet you used to type your stupid post can be used by anyone? What a stupid post.