Let's start with an exception.
Apple (NASDAQ: AAPL) actually managed to beat both top-line and bottom-line estimates.
The ultra-hip tech giant reported earnings of $1.23 billion, or $1.35 per share, for its fiscal third quarter earnings (ended June 27). That easily beat estimates of $1.17 per share. Revenue estimates on the maker of the Mac, iPhone, and iPod were for $8.21 billion, but the company came in with actual revenue of $8.34 billion.
Now this is the right way to beat your earnings estimates. (Learn 12 keys to trading earnings for profits.)
I rate Apple a B, or buy.
At the time of publication, Louis Navellier held positions in Apple.
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Reader Comments (Page 1 of 1)
8-01-2009 @ 11:07AM
Beltway Greg said...
Ignore this characters "groundbacking" posts. He publishes a poorly performing newsletter and he's getting some type of compensation from the Options Zone.
Question Louis: Give me an unknown, undercovered, stock other than CAT or AAPL that you see as having decent growth prospects in the coming year?