3 ms·
Technically it's hard to say that AAPL "beat," because they didn't guide for Q4 2020. They beat consensus analyst estimates, but that's not quite the same thing
by totalZero 6y ago
Technically it's hard to say that AAPL "beat," because they didn't guide for Q4 2020. They beat consensus analyst estimates, but that's not quite the same thing IMO.
- kgwgk 6y agoWhat would the beat if not consensus estimates?
- CryptoBanker 6y agoManagement usually issues estimates as well
- kgwgk 6y agoYou're right. But management guidance is usually below consensus. If it wasn't beating their own guidance but not the expectations wouldn't be really seen as a "beat". Or maybe that's not what you mean... "Beating" is about actual results being higher than expectations. I don't think I've ever seen someone before say "beating" with the meaning of "issuing a better-than-expected guidance". (That would be the "raise" part in "beat and raise".)