New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 18, 2013
10:13 EDTAAPL, JBLApple drops after iPhone vendor's outlook misses expectations
Shares of Apple (AAPL) are falling after Jabil Circuit (JBL), which sells products to Apple, last night provided weaker than expected guidance for its second quarter. WHAT'S NEW: Jabil Circuit, which makes moldings and metal for Apple's iPhones, estimated that its earnings per share for its second quarter which ends in February would be 5c-15c, versus analysts' consensus estimate of 52c. The company's revenue outlook also came in well below expectations. Jabil's second quarter guidance was affected by its decision to sell its aftermarket services unit to iQor Holdings for $725M, and classify the unit as discontinued operations as of its second quarter. Still, Jabil's stock is dropping more than 20% today, indicating that investors found the company's results and guidance disappointing. ANALYST REACTION: In a note to investors, Citigroup analyst Glen Yeung wrote that Jabil's guidance suggests that there is increased risk that Apple may report weaker than expected results for its quarter ending in March. Jabil indicated that one reason for its weaker than expected guidance was "a shift in demand" involving one customer of its diversified manufacturing services, or DMS, unit. According to Yeung, Apple accounts for about 50% of the revenue of Jabil's DMS unit. Noting that his checks suggest that Apple is cutting iPhone production for its March quarter, the analyst wrote that Jabil's statements and outlook make him more confident that iPhone shipments for the March quarter will be below expectations. He believes that IPhone shipments may come in below 38 million, versus the consensus outlook of 42 million. Yeung kept a Neutral rating on the Apple. PRICE ACTION: In early trading, Apple fell $9, or 1.6%, to $546.
News For AAPL;JBL From The Last 14 Days
Check below for free stories on AAPL;JBL the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | all recent news | >>
April 9, 2014
06:15 EDTAAPLFlexible PCB samples delivered for Apple iWatch validation, DigiTimes says
Flexible PCB suppliers have reportedly delivered FPCB samples for use in Apple's iWatch devices for validation, reports DigiTimes. According to industry sources, Apple is expected to unveil the iWatch wearable devices in September. Reference Link
April 8, 2014
16:01 EDTAAPLApple Netflix Citigroup Tesla Banco Santander Alcoa
Subscribe for More Information
12:55 EDTAAPLComcast, TWC filing reference development of Apple TV box, 9to5Mac says
Subscribe for More Information
11:25 EDTAAPL3D Systems announces availability of Sense 3D scanner for Mac
3D Systems (DDD) announced earlier the immediate availability of the Sense 3D scanner for Apple's (AAPL) Mac and feature upgrades available with Sense software V1.1. The Sense is the first 3D scanner designed for the consumer and optimized for 3D printing. It is priced at $399.
09:35 EDTAAPLActive equity options trading on open
Subscribe for More Information
09:04 EDTAAPLAmazon Instant Video says video streams on Prime Instant Video tripled y/y
Amazon Instant Videoannounced that video streams on Prime Instant Video nearly tripled year over year. According to a report from Qwilt, which tracks growth in online video usage, Amazon (AMZN) has now passed both Apple (AAPL) and Hulu (NWSA, DIS, CMCSA) in streaming video usage.
08:08 EDTAAPLCost to Apple, Google, Intel, of 'no-poaching' deal may be high, DealBook says
Some of the of the biggest names in tech, including Apple (AAPL), Google (GOOG), Intel (INTC)and Adobe (ADBE), are at the center of a class-action suit that seeks $9B as compensation for employees who contend the tech giants colluded to prevent their employees from being hired at rivals, reported The New York Times' DealBook. Reference Link
08:04 EDTAAPLiAnywhere could boost Apple earnings by over 10%, says JPMorgan
Subscribe for More Information
06:24 EDTAAPLApple may develop baseband chpis for iPhones inhouse, DigiTimes says
Subscribe for More Information
06:20 EDTAAPLApple may release iWatch in Q3, DigiTimes reports
Subscribe for More Information
06:07 EDTAAPLMicrosoft investing in 'invisible user interface' technology, WSJ reports
Subscribe for More Information
April 7, 2014
16:01 EDTAAPLOptions Update; April 7, 2014
Subscribe for More Information
14:06 EDTAAPLApple slips to lows of the day, levels to watch
Shares were last at $522.56, just off the session low. At current price, next support is at $517.35. Resistance is at $527.67.
09:34 EDTAAPLActive equity options trading on open
Subscribe for More Information
08:45 EDTAAPLInvenSense price target raised to $27 from $20 at Pacific Crest
Subscribe for More Information
07:51 EDTAAPLApple sent iTV panel samples from Korean display maker, Korea Herald says
Subscribe for More Information
07:37 EDTAAPLApple considered dumping long-time ad agency, WSJ reports
Subscribe for More Information
07:16 EDTAAPLRetailers muscle into competitive mobile payment market, Reuters says
Subscribe for More Information
06:36 EDTAAPLApple's sales force worried about iPhone outlook, Re/code reports
Apple's (AAPL) sales force has been worried about weakness in the iPhone's market share, amid strong competition from Google's (GOOG) Android operating system, a document presented in a court case showed, Re/code reported on Friday. According to the internal Apple document, the only portions of the smartphone market showing growth were large devices costing more than $300 or devices that cost less than $300, the website stated. Reference Link
April 6, 2014
17:48 EDTAAPLGoogle set to announce Android TV, The Verge says
Subscribe for More Information
1 | 2 | 3 | 4 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use