Techquity: Apple chopped, Google's erratic results
Wednesday, January 23, 2013 - 03:07
Jan. 22 - Two more analysts cut profit numbers and price targets for Apple ahead of its results. Also, Google reports. The search giant's recent profit results have been all over the map.
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Next best giant continues to come off apple. Google checkered earnings past and Microsoft reportedly lends hand to an ailing PC firm. First up apple more analysts concerned about iPhone and iPad sales UBS concerned about iphones -- Scotiabank concerned about vote. UBS reducing its estimate for Apple's fiscal when he thirteen earnings to 4468. This year from 47 which is already below consensus. Scotiabank taking its forecast down less than a dollar above consensus which stands at 4013. The -- also cutting their price target on the stock which is roughly flat today near 500. One day before reports quarterly results UBS trimming its story from 700 to 650 or Scotiabank with a more dramatic decline from 780. To six under. The latest data point on apple coming from Verizon which reported results Tuesday morning. The phone companies saying it sold nine point eight million Smartphones in the fourth quarter with six point two million of those iphones. Which is a higher percentage than the previous quarter. Executives at about half -- iPhone 5 the rest were earlier models apple war report total quarterly sales on Wednesday. Google reports results after the closing bell the search giant's reports Kennedy. All over the map not over the last four quarters it is missing consensus on earnings by as much as nine point 4% and beaten by more than four and a half percent. Investors' reactions have been mixed to with a stock soaring nearly 17% thirty days after the June quarter results. But falling more than 14% after September report card. Ahead of the report what -- securities upped its price target to 740 dollars from 675 dollars. The stock which is not far from 52 week high is -- 5% below that target. Your best of the rest today Microsoft coming to the -- of now. CNBC reports a software giant is in discussions to provide it to three billion dollars of financing in a buyout of the computer firm. Private equity outfits overly partners is trying to form a bidding group to take the world's number three PC maker private. And is open discussions of potential equity partners sources familiar with the matter says. Dell shares are up more than 2% today while Microsoft is replete. Story inspiring time our look at movers first soaring is Research in Motion. The Blackberry maker up 9% after the CEOs and the firm's ongoing review could lead to the sale of its handset business. Or licensing of its software to other Smartphone companies. And sputtering line person Credit Suisse starting to stop the neutral rating and a fifteen dollar price target. Shares of the firm which helps companies engage consumers on line are down nearly 3%. And next equity units to these days remember you can follow on Twitter at -- are ethnically. I'm Fred Katayama and did it.
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