The analyst says he thinks strong iPhone sales should drive results above Street estimates for the fiscal first quarter ended in December.
FORBES: Apple: Analyst Sees Big Dec. Qtr Beat; Possible March Qtr Miss
Usually, the phase 2 results drive momentum and enthusiasm for the program.
It's the bad results that drive the demand for transparency.
The stronger-than-expected PC sales data also bodes well for the March quarter results from both Microsoft and Intel, and for the disk-drive makers Seagate and Western Digital.
FORBES: HP Shares Rally On Report It Gains PC Market Share In Q1
Solid-state drive company STEC this afternoon posted mixed financial results for the fourth quarter.
Disk-drive maker Western Digital reported better-than-expected results for its fiscal second quarter ended December 30.
FORBES: Western Digital FY Q2 Tops Previous Guidance; Shrs Rally
Needham analyst Richard Kugele this morning raised his rating on Western Digital to Buy from Hold after the disk-drive maker late yesterday reported better-than-forecast results for its fiscal third quarter ended December 31.
FORBES: Western Digital: Needham Upgrades After Dec Qtr Surprise
The disk-drive maker Seagate Technology this afternoon posted sightly better-than-expected results for its fiscal second quarter ended December 28.
FORBES: Seagate FY Q2 Tops Ests; Outlook Misses; Shrs Off (Updated)
There were dissenters, however, with some expecting better-than-forecast sales to drive stocks higher and a few warning that disappointing results would be a negative for the market.
FORBES: Bullish Sentiment Stays Strong, Investors Expect Higher Retail Sales This Season
Shares of disk-drive maker Western Digital this afternoon are trading modestly higher after the company reported financial results for its fiscal first quarter ended September 28 that edged Street estimates.
FORBES: Western Digital FY Q1 Tops Ests; Q2 Outlook Weak (Updated)
Shares of solid-state drive maker OCZ Technology Group are trading sharply lower late Wednesday after the company warned that results for its second quarter ended August 31 will be well short of previous guidance.
After the declaration of Q2 results, we were expecting the automobile and aerospace sector in North America to drive growth for this Q3.
FORBES: Alcoa Q3 Earnings: Expecting Weakness But Watching The Outlook
Disk-drive component supplier Hutchinson Technology this morning said the company will post better-than-expected results for its fiscal third quarter ended June 26.
FORBES: Hutchinson Tech Soars; Sees Q3 Revs Well Above Street Ests
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