Wall Street analysts were panicking before Apple's earnings and got it dead wrong

Wall Street analysts were panicking before Apple's earnings and got it dead wrong

6 years ago
Anonymous $CLwNLde341

https://www.cnbc.com/2018/05/02/wall-street-analysts-were-panicking-before-apples-earnings-and-got-it-dead-wrong.html

Wall Street rarely likes to talk about its mistakes, but Apple analysts are now admitting in notes to clients that they repeatedly messed up their analysis and forecasts for the smartphone maker.

Apple reported fiscal second quarter earnings above expectations Tuesday, despite a slight miss in its iPhone unit sales number versus estimates. Investors are also relieved due to the company's much better than feared June quarter sales guidance range of $51.5 billion to $53.5 billion versus $51.61 billion expected by Thomson Reuters consensus.

Wall Street analysts were panicking before Apple's earnings and got it dead wrong

May 2, 2018, 2:33pm UTC
https://www.cnbc.com/2018/05/02/wall-street-analysts-were-panicking-before-apples-earnings-and-got-it-dead-wrong.html >Wall Street rarely likes to talk about its mistakes, but Apple analysts are now admitting in notes to clients that they repeatedly messed up their analysis and forecasts for the smartphone maker. >Apple reported fiscal second quarter earnings above expectations Tuesday, despite a slight miss in its iPhone unit sales number versus estimates. Investors are also relieved due to the company's much better than feared June quarter sales guidance range of $51.5 billion to $53.5 billion versus $51.61 billion expected by Thomson Reuters consensus.