Can Apple Save The Day? Earnings Coming Monday

July 18, 2008 at 3:02 pm PT

Thanks largely to Thursday’s disappointing earnings reports from Microsoft (MSFT) and Google (GOOG), sentiment on tech stocks was terrible on Friday, driving down share prices across the board. One notable victim was Apple (AAPL), which fell $6.66 (Satanic!), or 3.9 percent, to $165.15. Apple, as it happens, provides the next big milestone for tech investors after the close on Monday, when it reports earnings for its fiscal third quarter, ended June. The Street is looking for revenue of $7.36 billion and profits of $1.08 a share. The company’s guidance was for $7.2 billion and $1 a share.

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Tagged with: Apple, Barrons, earnings, Eric Savitz, frontpage, Google, Microsoft, Tech Trader Daily

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