Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Sam Scrutchins who wrote (12505)	5/2/1998 1:33:00 AM
From: Eric Yang	Respond to of 213177

"Q1 earnings were about $0.37, and Q2 earnings were $0.38, for a 6-month total of $0.75." Actually on a diluted basis, earnings for Q1 and Q2 were 33 cents 38 cents respectively. On a basic basis, earnings were 37 cents and 42 cents respectively. Thus earnings for the first half of 1998 is $0.71. "Given this, why is First Call reporting that the lowest current FY98 estimate is $0.65? No analyst is suggesting a loss in either Q3 or Q4. If one adds the lowest quarterly estimates for those quarters together (Q3=$0.23 and Q4=$0.21), the lowest possible outcome is $1.19." Beats me... It's probably because some of the components for those low FY 98 estimates weren't revised after the earnings surprise. Or maybe a few of these analysts just don't know how to do simple math. That would explain how some of them screwed up the Q1 & Q2 estimates so badly right? And from the way things look, it seems like they're going to do it again for Q3! ;-) Eric