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Apple (AAPL) Slammed; Q1 Results Shows Zero Profit Growth, Sales Miss Estimates

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Go back to Apple (AAPL) Slammed; Q1 Results Shows Zero Profit Growth, Sales Miss Estimates

FBR Capital Latest to Cut Apple (AAPL), But Says Catalysts Could Create a Floor

January 25, 2013 11:37 AM EST

While most on Wall Street slashed their price target on Apple (NASDAQ: AAPL) on Thursday, FBR Capital's Scott Thompson waited a day. In a report out this morning, Thompson cut his price target from $675 to $625, while maintained an Outperform rating.

He noted iPhone, iPad, and Mac unit volumes and ASPs were below our/consensus expectations and well below levels necessary to serve as a much needed positive catalyst for the shares.

While the Q1 report was... More

Wells Fargo Lowers Numbers on Apple (AAPL); Resetting Street Estimates is a Positive

January 24, 2013 9:16 AM EST

Wells Fargo lowered estimates and its valuation range on Outperform-rated Apple (NASDAQ: AAPL) from $680-$730 to $600-$630. The firm maintained an Outperform rating.

Analyst Maynard Um comments, "Apple's decision to change the way it provides guidance appears to be sparking fears that the new ranges offered by management may mean the end of material upside to guidance. While this may create uncertainty through next earnings, we see the... More

Oracle Investment Research Cuts PT on Apple (AAPL), Cook Should Be Held Accountable

January 24, 2013 9:06 AM EST

Oracle Investment Research lowered its price target on Apple (NASDAQ: AAPL) from $670 to $650 but kept a Strong Buy rating following Q1 results.

While still positive on the stock, analyst Laurence Balter ripped into CEO Tim Cook.

"Any Chairman in America... More

Canaccord Genuity Cuts Apple (AAPL) PT to $650, Keeps 'Buy' Rating

January 24, 2013 8:47 AM EST

Canaccord Genuity analyst T. Michael Walkley cut his price target on Apple (NASDAQ: AAPL) from $750 to $650 and lowered estimates following Q1 results. He reiterated his Buy rating.

Walkley comments, "Consistent with our monthly store surveys indicating solid iPhone 5 sales and stronger-than-expected... More

BMO Capital Cuts PT on Apple (AAPL); 'Reset Delivered'

January 24, 2013 8:35 AM EST

BMO Capital analyst Keith Bachman cut his price target on Apple (NASDAQ: AAPL) from $640 to $580 following results. He maintained an Outperform rating

Commenting, he said: "We believe investors will be left to wonder, what does the "new guidance" mean? Our... More

Nomura Cuts Apple (AAPL) PT to $490 Post Q1

January 24, 2013 8:22 AM EST

Nomura Securities analyst Stuart Jeffrey cut estimates and his price target Neutral-rated Apple (NASDAQ: AAPL) from $530 to $490 following Q1 results.

He comments, "Apple reported broadly in-line Q1 results with strong free cash flow and a solid iPhone ASP the only material surprises. In... More

Topeka's Brian White Cuts Legendary Apple (AAPL) Price Target

January 24, 2013 8:12 AM EST

Topeka Capital's Brian White cuts his legendary $1,1111 Apple (NASDAQ: AAPL) price target to $888 following Q1 results. He maintained a Buy rating.

White commented, "Last night, Apple reported 1QFY13 results and offered up a 2QFY13 sales outlook that was inline with our model but fell... More

Goldman Sachs Says Despite Disappointment, Apple (AAPL) Not Broken

January 24, 2013 7:52 AM EST

Goldman Sachs cut its price target on Apple (NASDAQ: AAPL) from $760 to $660 but maintained its Conviction Buy List rating following Q1 results.

Commenting on the change in guidance, Goldman's Bill Shope notes: "The problem, and the key disappointment in the call,... More

Sterne Agee Cuts PT on Apple (AAPL) Despite 'Decent' December Quarter

January 24, 2013 7:30 AM EST

Sterne Agee's Shaw Wu lowered his price target on Buy-rated Apple (NASDAQ: AAPL) from $840 to $715 following Q1 results.

Commenting on the quarter, Wu notes: "AAPL reported the strongest quarter in its 36-yr history adding $16 billion in cash but below expectations of a... More

Deutsche Bank Slashes Numbers on Apple (AAPL) Post Q1; March Guidance Soft But Not a Surprise

January 24, 2013 7:15 AM EST

Deutsche Bank slashed estimates and its price target on Apple (NASDAQ: AAPL) from $800 to $575 following Q1 results, but maintained a Buy rating.

Commenting on the guidance change, the analyst said: "AAPL revised the way it provides financial guidance & going forward will target a... More

Jefferies Downgrades Apple (AAPL) to Hold, Slashes Estimate/PT

January 24, 2013 6:58 AM EST

Jefferies Peter Misek downgraded Apple (NASDAQ: AAPL) from Buy to Hold with a price target of $500.00 (from $800.00) following disappointing Q1 results after the close.

He cited: 1) slowdown in iPhone sales is real and material; 2) we believe margins are likely to continue to fall; 3) new... More

Apple Suppliers on Watch on Disappointing Q1 Print and Initial Sell-Off

January 23, 2013 5:00 PM EST

Apple (Nasdaq: AAPL) supplier are on watch following disappointing results from the iPhone giant. Shares of Apple are initial down 5.8%.

Apple reported Q1 EPS of $13.81, $0.37 better than the analyst estimate of $13.44. Revenue for the quarter came in at $54.51 billion versus the consensus... More

Apple, Inc. (AAPL) Maintains and Declares $2.65 Quarterly Dividend; 2.1% Yield

January 23, 2013 4:45 PM EST

Apple, Inc. (NASDAQ: AAPL) maintained and declared a quarterly dividend of $2.65 per share, or $10.6 annualized.

The dividend will be payable on February 14, 2013, to stockholders of record on February 11, 2013, with an ex-dividend date of February 7, 2013.

The annual yield on the dividend is 2.1... More

Apple (AAPL) Slammed Nearly 5% on Q1 Results, Muted iPhone Number

January 23, 2013 4:40 PM EST

Shares of Apple, Inc. (NASDAQ: AAPL) are immediately down 4.8 percent following disappointing first quarter results after the close Wednesday.

Apple reported Q1 EPS of $13.81, $0.37 better than the analyst estimate of $13.44. Revenue for the quarter came in at $54.51 billion versus the consensus estimate of... More

UPDATE: Apple, Inc. (AAPL) Tops Q1 EPS by 37c; Sales Light

January 23, 2013 4:30 PM EST

(Updated - January 23, 2013 4:33 PM EST)

Apple, Inc. (NASDAQ: AAPL) reported Q1 EPS of $13.81, $0.37 better than the analyst estimate of $13.44. Revenue for the quarter came in at $54.51 billion versus the consensus estimate of $54.73 billion.

Apple sees Q2 revenues of $41-$43 billion versus the... More

Stocks Crossing 50-Day SMA 01/23: (OIBR) (CHKP) (T) Above; (KGC) (TGT) (STRI) Below

January 23, 2013 3:51 PM EST

Crossing and above:Oi SA (NYSE: OIBR) - up 4.3 percent. Moving higher once after reports that its CEO Francisco Valim was going to be replaced with Chairman Mauro Carneiro da Cunha caused shares to slip down over 12 percent Tuesday.

Check Point Software (Nasdaq:... More

Apple (AAPL) Q1 Preview: Strong Results Expected But Outlook a Dark Cloud

January 23, 2013 3:33 PM EST

Shares of Apple Inc. (NASDAQ: AAPL) are up 1.7 percent into first quarter 2013 earnings results after the close. Shares are down 27 percent from the September highs amid concerns about demand, ASPs and margins.

Analysts on average are looking for the company to post EPS of $13.44 on revenues of $54.73 billion, representing year-over-year growth of -3.1% and 18.1%, respectively.... More