Monday, October 17, 2011 8:50:41 PM
Kamelia Angelova | Oct. 17, 2011, 5:01 PM
Apple is bound to crush earnings tomorrow, based on the fact that the company always low balls its guidance.
Its EPS has been outperforming guidance by 44% on average over the last six quarters, and revenue has been 18% higher than revenue guidance.
Based on this trend, Apple should report EPS of $7.90 on $29.38 billion revenue, versus its September EPS guidance of $5.50 EPS, and $25 billion revenue guidance.
Wall Street consensus is at $29.45 billion for revenue and $7.28 for EPS.
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