Apple to report fiscal fourth quarter results Wednesday
John Hitch  |  by www.appleinsider.com. All rights reserved. 19.04 | 22:59

On average, analysts polled by Thomson Financial expect the Mac maker to post earnings of 51 cents per share on sales of $4.66 billion. They're predicting shipments of 1.

47 million Macs to offset relatively flat iPod sales of 8.6 million.
While most analysts are modeling in-line with consensus estimates, Shaw Wu of American Technology Research, Gene Munster of PiperJaffray and Jesse Tortora of Prudential, have each said the Cupertino, Calif.

-based company is likely to beat those estimates.
What's unclear is whether yet-to-be disclosed non-cash charges related to its options scandal will prevent Apple from fully disclosing its fiscal year 2006 financial results. Wu there is a fair likelihood the company will disclose only limited financial.

"Should Apple give out full financials, we believe this would be viewed a positive," he said.
Following its earnings release Wednesday, Apple will also hold its quarterly financial conference call in which it will disclose guidance for its fiscal first quarter of 2007 (ending December), expected to deliver the highest sales and earnings in the company's history.
Like Wu, UBS Investment Research analyst Ben Reitzes believes Apple is likely to for the quarter as it attempts to reset high investor expectations.


"We believe Apple is likely to guide below our current estimate of $6.36 billion (+38 percent quarterly or +11+ yearly) citing last year's extra week in the December [quarter] as creating a tougher [comparison]," Reitzes wrote in a note to clients.

Read more on by www.appleinsider.com. All rights reserved.
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