News Formal

Jim Cramer sees little margin for error in Apple's upcoming earnings report

  • 📰 NBCLA
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 59%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

“One penny, with this company, is enough to bring the stock down,” CNBC’s Jim Cramer said Wednesday.

The iPhone maker's fiscal 2023 fourth-quarter results are scheduled to be released after the market close Nov. 2, and Cramer expects Wall Street to be unforgiving when comparing Apple's reported earnings per share to analyst estimates.Cramer's comments Wednesday came in response to a research note from Deutsche Bank, which lowered its price target on Apple to $200 per share from $210.

However, Deutsche Bank said its previous outlook on iPhone 15 sales in Apple's fiscal 2024, which began in October, may have been too optimistic, citing increased competition in China., investors and analysts alike have been paying close attention to various data sources and tracking metrics to try to gauge demand for the device, which is key to Apple's overall financial health.

Shares of Apple — the most valuable publicly traded U.S. company — were down more than 11% over the past three months, compared with a roughly 8% slide in theMilestones

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 319. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Here are the 10 stocks Jim Cramer is watching, including Apple and Exxon MobilHere are some of the tickers on my radar for Wednesday, Oct. 25, taken directly from my reporter’s notebook.
Source: NBCDFW - 🏆 288. / 63 Read more »

Here are the 10 stocks Jim Cramer is watching, including Apple and Exxon MobilHere are some of the tickers on my radar for Wednesday, Oct. 25, taken directly from my reporter's notebook.
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer's top 10 things to watch in the stock market TuesdayStock futures are up this morning as Wall Street awaits earnings from Big Tech companies Microsoft and Alphabet.
Source: CNBC - 🏆 12. / 72 Read more »

Here are 22 stocks Jim Cramer is watching Tuesday, including DraftKings and McDonald'sHere are some of the tickers on my radar for Tuesday, Oct. 24, taken from my reporter’s notebook.
Source: NBCLA - 🏆 319. / 59 Read more »

Here are 22 stocks Jim Cramer is watching Tuesday, including DraftKings and McDonald'sHere are some of the tickers on my radar for Tuesday, Oct. 24, taken from my reporter's notebook.
Source: CNBC - 🏆 12. / 72 Read more »