Apple Shares Fall in After Hours Trading

Rex Crum, reporting for MarketWatch:

However, Apple’s shares fell 9% in after-hours trading as the company gave one of its typically conservative fourth-quarter earnings forecasts that fell short of Wall Street analysts’ expectations. A similar event took place following the company’s prior quarterly report in April, when a conservative forecast sent the stock tumbling despite strong results for the period.

Now’s a good time to re-read the piece I linked to over the weekend from Andy Zaky on Wall Street’s misguided obsession with Apple’s conservative guidance numbers.

★ Monday, 21 July 2008