And here’s another one.
Pacific Crest analyst Andy Hargreaves this morning raised estimates on Apple (AAPL), citing “improved iPhone and iPad supply.”
The analyst now sees EPS for the fiscal fourth quarter ended September of $4.37, up from $4.31, and way above the Street consensus at $4.01. For FY 2011, he now sees profits of $18.43 a share, up from $18.05. For FY 2012, he expects a nice round $20 a share. Hargreaves keeps his Outperform rating and $330 target on the stock.
The analyst boosted his FY Q4 iPad estimate to to 4.85 million units, from 4.7 million.
AAPL is up $1.26, or 0.4%, to $290.20.
Earlier this morning:
- Nice Hobby! Apple TV Reportedly Selling Out In Many Stores
- Apple: BMO Ups Estimates; Boosts Forecast For iPhone Sales
No comments:
Post a Comment