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This is how it did compared to expectations EPS: $2.18 vs. $2.10 estimated by Refinitiv consensus estimates. Revenue: $53.8 billion vs. $53.39B estimated by R
by samfisher83 7y ago
This is how it did compared to expectations
EPS: $2.18 vs. $2.10 estimated by Refinitiv consensus estimates.
Revenue: $53.8 billion vs. $53.39B estimated by Refinitiv consensus estimates.
Q4 Revenue guidance: $61 billion to $64 billion versus $60.98 billion estimate by Refinitiv consensus estimates.
iPhone revenue: $25.99 billion vs. $26.31 billion estimated by FactSet.
Services revenue: $11.46 billion vs. $11.61 billion estimated by FactSet.
https://www.cnbc.com/2019/07/30/apple-earnings-q3-2019.html https://www.cnbc.com/2019/07/30/apple-earnings-q3-2019.html
- terminalhealth 7y agoThese estimates are amazingly accurate or is my amazement inappropriate?
- ttul 7y agoPublic company estimates are usually this good.
- awinder 7y agoThe number of human man hours invested into that guidance number is vast. As accurate as that number is (and for what it is), people are going to make and lose a lot of money even still. Basically I’m saying — check your amazement because it’s amazement all the way down.
- kennysmoothx 7y ago"check your amazement because it’s amazement all the way down" I like that sentence a lot.
- georgeecollins 7y agoThis is a very big company with products that have a well understood track record. You could probably be pretty accurate if you just expected it to be the same as this quarter last year.
- rbavocadotree 7y agoWell, Apple provides guidance to investors, so it's not like they are starting from scratch. The rest is public markets doing exactly what they are supposed to do.
- sah2ed 7y agoI’ve also wondered how these estimates are produced with fairly high accuracy. Would be interesting to read more on their methods.