U.S. Day Ahead: Apple estimates bleaker ahead of results
Monday, April 22, 2013 - 01:46
Apr 22 - Blame it on the numbers from suppliers like Cirrus Logic or retailers like Verizon, but Apple estimates look more pessimistic ahead of its earnings after the close.
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Blame it on the numbers from suppliers like Cirrus Logic or retailers like for right that. But apple estimates look -- ahead of its earnings out after the close analysts have slashed their profit outlook by nearly 12% from a year ago. Revenue is only set to ride back and near 8% its weakest showing in years. And the average price target has tumbled by 16% to about 595. Dollars in the last three months. To make matters worse apple shares contained about 40% since the mid September -- -- Apple's call life at 5 PM eastern on an insider. Investors will get to see how the 85 billion dollars in spending cuts hit the defense sector when Lockheed Martin reports. Expect earnings to barely drove from a year ago with the revenue section climate. Analysts -- after the capital -- Hughes eight sales will decline by 4% this year across the board. Only the company's F 35 -- program will be untouched. He shares are up only 7% and the last year underperforming eat at times. Your economics got to focus on his market flash PMI our expert that I've varsity manufacturing looks like it will barely grow in April with the index coming in at fifty -- its lowest reading so far this year. Your danger did its 52 point eight or below that would mean impact of those automatic spending cuts is wars and expect. We'll follow us on Twitter at Reuters Insider get more of our video that Reuters dot com slash writers TV. Gold has long been considered a safe haven in times of trouble. But with prices crashing to a two year low find out why one expert says the benefits to gold may be more men it. A I hope that you mom this is right here.
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