Thursday October 25, 2012

Apple Misses Wall Street 4Q Expectations

Apple didn't meet analysts' expectations? Apparently everyone is letting Wall Street down these days. wink

Apple said it expects earnings of $11.75 per share in the holiday quarter, below the $13.87 per share it earned in the same period last year. Apple routinely lowballs its estimates, but this time the forecast was further from the analyst estimate than usual. Analysts polled by FactSet were expecting earnings of $15.59, on average.