Wednesday, July 19, 2006

These Rankings are FIFAesque

Who knew that Institutional Investor ranked analysts? Well, their third-ranked computer analyst reported this just before Apple reported earnings:
Apple Computer Inc, maker of the Macintosh personal computer, may report its slowest profit growth in more than two years as demand wanes for its iPod music players.

Net income in the third quarter ended July 1 probably rose 17% to $375 million, or 42 cents a share, from $320 million, or 37 cents, a year earlier, said UBS AG analyst Benjamin Reitzes, Institutional Investor’s third-ranked computer analyst. His estimate is 2 cents lower than the average of 21 analysts surveyed by Thomson Financial.

About half an hour or so later, Apple "said third- quarter profit rose 48 percent on demand for Macintosh computers," according to Bloomberg.

1 comment:

james said...

yeah, must be the commercials