This Company's Results Nearly Assures EPS Upside for Apple (AAPL)
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Price: $309.35 -0.63%
Financial Fact:
Total operating expenses: 6.05B
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Total operating expenses: 6.05B
Today's EPS Names:
BTTX, VAXX, ELYS, More
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If you're still unsure if Apple (Nasdaq: AAPL) will blowout numbers when it reports first quarter results in the coming weeks, rest easy.
Numbers from Apple supplier Cirrus Logic (Nasdaq: CRUS) after the close Monday all but guarantees upside is in the bag for the iPhone maker. Cirrus announced preliminary Q3 revenues of $122 million, or 20 percent above the low end of their prior guidance. For Q4, the company sees revenues of approximately $105 million, up 15 percent from last year and 7 percent above the consensus of $98.5 million.
So how does this translate into Apple? For the first six months of fiscal year 2012, sales to Apple represented approximately 57 percent of the Company's total sales. Cirrus' strong results are a clear tell for Apple.
Apple will report first quarter results on Tuesday, January 24, 2012 after the market closes. Wall Street is looking for EPS of $9.89 on revenues of $38.31 billion.
Numbers from Apple supplier Cirrus Logic (Nasdaq: CRUS) after the close Monday all but guarantees upside is in the bag for the iPhone maker. Cirrus announced preliminary Q3 revenues of $122 million, or 20 percent above the low end of their prior guidance. For Q4, the company sees revenues of approximately $105 million, up 15 percent from last year and 7 percent above the consensus of $98.5 million.
So how does this translate into Apple? For the first six months of fiscal year 2012, sales to Apple represented approximately 57 percent of the Company's total sales. Cirrus' strong results are a clear tell for Apple.
Apple will report first quarter results on Tuesday, January 24, 2012 after the market closes. Wall Street is looking for EPS of $9.89 on revenues of $38.31 billion.
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