Apple Bruised On Sales Forecast

Moresco, Justin
January 2008
Red Herring;1/22/2008, p2
Trade Publication
The article reports on the impact of the sales forecast issued by Apple for the second quarter of 2008 on its after-hours stock trading in January 2008. Despite posting first quarter earnings above analysts expectations, Apple's after-hours trading shares lost 11 percent. According to the author, such shares decline is associated with its second-quarter guidance, which falls short of analyst forecast. A description of the market performance of the company in the first quarter of 2008 is also offered.


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