Ticonderoga Maintains a 'Buy' on Apple (AAPL); Q2 Results on Tap Tonight

Ticonderoga maintains a 'Buy' on Apple (NASDAQ: AAPL), PT $550.

Ticonderoga analyst says, "This evening (4/20) after the market close, Apple is scheduled to report its 2QFY11 earnings results with a conference call set for 5:00 PM ET� (dial-in number 800-289-0487). With the continued drama over the iPhone 5 launch date, the impact from Japan, rising component prices and never-ending concerns over the health of Steve Jobs, we believe investors will be hanging on Apple's every word this evening."

" For 2QFY11, we believe that Apple will exceed our revenue estimate of $22.75 billion (Street is at $23.38 billion) on the back of continued portfolio momentum, while our EPS projection of $5.13 should easily be beat (Street is at $5.37)."

For more ratings news on Apple click here and for the rating history of Apple click here.

Shares of Apple closed at $337.86 yesterday.

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