TITLE

Apple Bruised On Sales Forecast

AUTHOR(S)
Moresco, Justin
PUB. DATE
January 2008
SOURCE
Red Herring;1/22/2008, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
36962036

 

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