Apple to announce Q3 2006 financial results today

Summary:Apple's conference call Web cast discussing Q3 - 2006 financial results will begin at today at 2pm PT/5pm ET.

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Apple's conference call Web cast discussing Q3 - 2006 financial results will begin at today at 2pm PT/5pm ET.

Piper Jaffray analyst Gene Munster and American Technology Research analyst Shaw Wu expect the company's revenue for Q3 2006 to be at the upper end of Wall Street's consensus estimate of US$4.2 to $4.4 billion, with $0.44 EPS.

According to a report on the Mac Observer:

Mr. Munster sees Apple announcing iPod sales of 7.7 to 8.2 million units, below the Wall Street consensus estimate of 8.3 million. He also sees 1.23 million Macs sold, compared to the consensus of 1.25 million. In addition, the analyst expects Apple will continue with its tradition of providing conservative guidance for the current quarter, which right now stands at $4.95 billion in revenue and $0.52 EPS, according to Wall Street estimates.

Analysts predict that Apple will meet the high-end of its previously stated $4.2 billion to $4.4 billion target and that softer iPod sales will be compensated for by better-than-anticipated sales of MacBooks and MacBook Pros.

The conference call, streamed in QuickTime, begins today at 2pm PT/5pm ET.

That funky icon above is from AAPLStockDock a little AAPL-only stock ticker from John Schilling.

Topics: Apple

About

Jason D. O'Grady developed an affinity for Apple computers after using the original Lisa, and this affinity turned into a bona-fide obsession when he got the original 128 KB Macintosh in 1984. He started writing one of the first Web sites about Apple (O'Grady's PowerPage) in 1995 and is considered to be one of the fathers of blogging.... Full Bio

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