Apple seen beating expectations on strong Mac sales
Monday, July 21, 2008 - 01:14 PM EST"Apple Inc.'s third-quarter results should exceed expectations, helped by strong Mac sales and deferred revenue from the earlier version of iPhone, analysts said Monday," Thomson Financial reports.
"Shares of the computer maker, which will report results after the closing bell, fell 2% to $161.60 in mid-day trading. The shares were hurt by disappointing second-quarter results from Google Inc. and Microsoft Corp. last week," Thomson Financial reports.
"Analysts polled by Thomson Reuters, on average, expect Apple to report a June-quarter profit of $1.08 a share on sales of $7.37 billion. Estimates were raised seven times over the last four weeks," Thomson Financial reports. "Apple has beaten Wall Street's expectations in all of the last four quarters."
"RBC Capital Markets analyst Mike Abramsky expects Apple to do it again, with $1.13 earnings on sales of $7.5 billion, thanks to back-to-school promotions and strong Mac computer sales. He backed an outperform rating and $220 price target on the stock," Thomson Financial reports.
"'Second-quarter Mac momentum is expected to benefit from back-to-school promotions, stimulus cheques, continued BestBuy rollout and tight inventory,' the analyst wrote to clients earlier," Thomson Financial reports.
More infor, including similar views from analysts at JPMorgan and Goldman Sachs, here.


$7.51B in sales, with $1.18eps is my prediction.