Re: Further proof that stock analysts are idiots


TravelinMan wrote:
> Apple had by far the best quarter the've EVER had - and the stock drops
> 11%.
>
> Now, I realize that if the results fall short of expectations, the stock
> will drop. That's not surprising and is quite expected.
>
> What is unexpected is that the analysts actually EXPECTED the results to
> be significantly better than they were. What did these idiots expect? A
> 100% sales increase?

apple had guidance for profits of $0.32 per share, but analysts thought
that was overly cautious, and were expecting $0.37 per share. actual
profits came in at $0.50 per share, but excluding benefits from some
tax related issues, it would have been $0.38 per share. regarding the
miss on ipod sales, apple stated that there was component shortages for
the nano leading to it not being able to meet demand- if they had their
supply chain in better order, they may have very well made
expectations.

overall, i'm not a big fan of analysts, but they seemed to have been
pretty much right on with this one, so i'm not sure what you're
bitching about.

.

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