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Wells Fargo Lowers Numbers on Apple (AAPL); Resetting Street Estimates is a Positive
January 24, 2013 9:16 AM ESTWells Fargo lowered estimates and its valuation range on Outperform-rated Apple (NASDAQ: AAPL) from $680-$730 to $600-$630. The firm maintained an Outperform rating.
Analyst Maynard Um comments, "Apple's decision to change the way it provides guidance appears to be sparking fears that the new ranges offered by management may mean the end of material upside to guidance. While this may create uncertainty through next earnings, we see the... More
Oracle Investment Research Cuts PT on Apple (AAPL), Cook Should Be Held Accountable
January 24, 2013 9:06 AM ESTOracle Investment Research lowered its price target on Apple (NASDAQ: AAPL) from $670 to $650 but kept a Strong Buy rating following Q1 results.
While still positive on the stock, analyst Laurence Balter ripped into CEO Tim Cook.
"Any Chairman in America... More
Canaccord Genuity Cuts Apple (AAPL) PT to $650, Keeps 'Buy' Rating
January 24, 2013 8:47 AM ESTCanaccord Genuity analyst T. Michael Walkley cut his price target on Apple (NASDAQ: AAPL) from $750 to $650 and lowered estimates following Q1 results. He reiterated his Buy rating.
Walkley comments, "Consistent with our monthly store surveys indicating solid iPhone 5 sales and stronger-than-expected... More
BMO Capital Cuts PT on Apple (AAPL); 'Reset Delivered'
January 24, 2013 8:35 AM ESTBMO Capital analyst Keith Bachman cut his price target on Apple (NASDAQ: AAPL) from $640 to $580 following results. He maintained an Outperform rating
Commenting, he said: "We believe investors will be left to wonder, what does the "new guidance" mean? Our... More
Nomura Cuts Apple (AAPL) PT to $490 Post Q1
January 24, 2013 8:22 AM ESTNomura Securities analyst Stuart Jeffrey cut estimates and his price target Neutral-rated Apple (NASDAQ: AAPL) from $530 to $490 following Q1 results.
He comments, "Apple reported broadly in-line Q1 results with strong free cash flow and a solid iPhone ASP the only material surprises. In... More
Topeka's Brian White Cuts Legendary Apple (AAPL) Price Target
January 24, 2013 8:12 AM ESTTopeka Capital's Brian White cuts his legendary $1,1111 Apple (NASDAQ: AAPL) price target to $888 following Q1 results. He maintained a Buy rating.
White commented, "Last night, Apple reported 1QFY13 results and offered up a 2QFY13 sales outlook that was inline with our model but fell... More
JCPenney (JCP) Pressures Clothing Manufacturers to Set MSRPs in New Pricing Scheme
January 24, 2013 7:55 AM ESTAccording to the NY Post on Thursday, retailer JCPenney (NYSE: JCP) may be moving back into the artificially inflated pricing arena. The Post thinks that JCPenney might be pushing manufacturers for artificial markups on clothing so that it will be able... More
Goldman Sachs Says Despite Disappointment, Apple (AAPL) Not Broken
January 24, 2013 7:52 AM ESTGoldman Sachs cut its price target on Apple (NASDAQ: AAPL) from $760 to $660 but maintained its Conviction Buy List rating following Q1 results.
Commenting on the change in guidance, Goldman's Bill Shope notes: "The problem, and the key disappointment in the call,... More
Sterne Agee Cuts PT on Apple (AAPL) Despite 'Decent' December Quarter
January 24, 2013 7:30 AM ESTSterne Agee's Shaw Wu lowered his price target on Buy-rated Apple (NASDAQ: AAPL) from $840 to $715 following Q1 results.
Commenting on the quarter, Wu notes: "AAPL reported the strongest quarter in its 36-yr history adding $16 billion in cash but below expectations of a... More
Deutsche Bank Slashes Numbers on Apple (AAPL) Post Q1; March Guidance Soft But Not a Surprise
January 24, 2013 7:15 AM ESTDeutsche Bank slashed estimates and its price target on Apple (NASDAQ: AAPL) from $800 to $575 following Q1 results, but maintained a Buy rating.
Commenting on the guidance change, the analyst said: "AAPL revised the way it provides financial guidance & going forward will target a... More
Jefferies Downgrades Apple (AAPL) to Hold, Slashes Estimate/PT
January 24, 2013 6:58 AM ESTJefferies Peter Misek downgraded Apple (NASDAQ: AAPL) from Buy to Hold with a price target of $500.00 (from $800.00) following disappointing Q1 results after the close.
He cited: 1) slowdown in iPhone sales is real and material; 2) we believe margins are likely to continue to fall; 3) new... More
Streetinsider.com After-Hours Movers 1/23: (NFLX) (SWFT) (FFIV) Higher; (AAPL) (CRUS) (ALTR) Lower (more...)
January 23, 2013 6:17 PM ESTNetflix, Inc. (NASDAQ: NFLX) 32% HIGHER; reported Q4 EPS of $0.13, $0.26 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $945 million versus the consensus estimate of $934.12 million. Netflix, Inc. sees Q1 2013 EPS of $0.00-0.23, versus the consensus of $-0.07. Sees Q1 revs of $1.004-$1.031 billion versus the consensus of $969.4 million.
Apple, Inc. (NASDAQ: AAPL) 11% LOWER; reported Q1 EPS of $13.81, $0.37 better than the analyst estimate of $13.44. Revenue for the quarter came in at $54.51 billion versus the consensus estimate of... More
Apple (AAPL) Drops Below $460 in Late Trading; Lowest Since Feb '12
January 23, 2013 6:03 PM ESTFollowing Apple's (Nasdaq: AAPL) first-quarter results, shares are getting hammered. In after-hours trading Wednesday, the stock has broken below the $460 level, reaching its lowest point since last February and off about 35 percent from its all-time high hit last September.
For more on Apple numbers, click here.... More
Market Wrap: Apple Falls, Can't Get Up; IMF Takes Grim Global View; Debt-Limit Lifted...for Now
January 23, 2013 5:58 PM ESTMarket wrap-up for January 23rd
End of the Day: S&P 500 up 2.3 to 1,494.81; Dow Jones up 67.1 to 13,779.33; Nasdaq up 10.5 to 3,153.67
The following is a brief summary of events moving markets today:
* Apple (Nasdaq: AAPL). Earnings. Click here for more... More
Apple (AAPL) CEO Tim Cook says TV an area of 'intense interest'
January 23, 2013 5:48 PM ESTApple (Nasdaq: AAPL) CEO Tim Cook says TV an area of 'intense interest.'... More
Apple (AAPL) Slammed; Q1 Results Shows Zero Profit Growth, Sales Miss Estimates
January 23, 2013 5:40 PM ESTIt's official, the mighty Apple (Nasdaq: AAPL) has stopped growing profits. Shares of the iPhone giant are under heavy pressure after-hours Wednesday following uninspiring first quarter results that beat analyst estimates on the bottom-line but missed on the top-line. Also, iPhone sales, while strong, failed to live up to loft expectations. The company is also getting more 'realistic' on its forward guidance.
For the first time in recent memory, Apple has failed to grow profits. The company posted net profit of... More
Apple Suppliers on Watch on Disappointing Q1 Print and Initial Sell-Off
January 23, 2013 5:00 PM ESTApple (Nasdaq: AAPL) supplier are on watch following disappointing results from the iPhone giant. Shares of Apple are initial down 5.8%.
Apple reported Q1 EPS of $13.81, $0.37 better than the analyst estimate of $13.44. Revenue for the quarter came in at $54.51 billion versus the consensus... More
Apple, Inc. (AAPL) Maintains and Declares $2.65 Quarterly Dividend; 2.1% Yield
January 23, 2013 4:45 PM ESTApple, Inc. (NASDAQ: AAPL) maintained and declared a quarterly dividend of $2.65 per share, or $10.6 annualized.
The dividend will be payable on February 14, 2013, to stockholders of record on February 11, 2013, with an ex-dividend date of February 7, 2013.
The annual yield on the dividend is 2.1... More
Apple (AAPL) Slammed Nearly 5% on Q1 Results, Muted iPhone Number
January 23, 2013 4:40 PM ESTShares of Apple, Inc. (NASDAQ: AAPL) are immediately down 4.8 percent following disappointing first quarter results after the close Wednesday.
Apple reported Q1 EPS of $13.81, $0.37 better than the analyst estimate of $13.44. Revenue for the quarter came in at $54.51 billion versus the consensus estimate of... More
UPDATE: Apple, Inc. (AAPL) Tops Q1 EPS by 37c; Sales Light
January 23, 2013 4:30 PM EST(Updated - January 23, 2013 4:33 PM EST)
Apple, Inc. (NASDAQ: AAPL) reported Q1 EPS of $13.81, $0.37 better than the analyst estimate of $13.44. Revenue for the quarter came in at $54.51 billion versus the consensus estimate of $54.73 billion.
Apple sees Q2 revenues of $41-$43 billion versus the... More
