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Non-Tech : Bill Wexler's Trading Cabana
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To: Bill Wexler who wrote (3717)7/21/2008 5:21:37 PM
From: RockyBalboa  Read Replies (1) of 6370
 
Apple's third-quarter earnings of $1.19 per share and revenue of $7.46 billion both easily surpassing consensus estimates. But the company's fiscal fourth-quarter guidance of $1.00 in EPS and revenue of $7.8 billion were well below expectations of $1.24 and $8.32 billion.

And AmericanExpress:

an ugly miss:

For the period ended June 30, American Express reported net income of $653 million, or 56 cents per share, compared with $1.06 billion, or 88 cents per share, in the year-ago period.

Analysts, on average, expected earnings of 83 cents per share on revenue of $7.6 billion, according to Thomson Financial.

Revenue rose 8 percent to $7.48 billion from $6.94 billion in the second quarter of last year.
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