Trip ‘Claim’ Chowdhry Prediction of the Week

Famed analyst Trip Chowdhry, two days ago:

IBM is only 2 days away from their earnings announcement, while AAPL is only 1.5 weeks away from their earnings announcement. The timing of this announcement makes us feel that IBM will very likely miss their revenue expectations and probably Apple may also miss their revenue expectations.

IBM’s actual results, today:

International Business Machines reported a second quarter boost in net income and revenue that topped Wall Street forecasts.

IBM reported non-GAAP diluted earnings per share of $4.32 off revenue of $24.4 billion. Both numbers beat analyst estimates compiled by Bloomberg.

(Thanks to Brian Resac. Also, no surprise that Trip Chowdhry thinks Apple is going to report a miss this quarter: he’s on the record as predicting that they’re going “to disappear” because they didn’t release a wristwatch last month.)

★ Thursday, 17 July 2014