VANCOUVER, British Columbia, Oct. 22, 2012 /PRNewswire/ -- EarningForecast.com has issued consensus earnings forecast reports and Equity Research for the following companies: Citigroup (NYSE:C), Apple (NASDAQ:AAPL), SanDisk (NASDAQ:SNDK), Google (NASDAQ:GOOG), Arch Coal (NYSE:ACI), and Barrick Gold (NYSE:ABX).
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Citigroup Inc. (NYSE:C): On October 16, The Board of Directors of Citigroup Inc. (NYSE:C) announced that Vikram Pandit has stepped down as the company's Chief Executive Officer and as a member of the Board, effective immediately. The Board also elected Michael Corbat as company Chief Executive Officer and a director of the Board. On the second day, The Board approved a quarterly dividend of US$0.01 per common share, payable on November 21, 2012 to stockholders of record on November 5, 2012. For the third quarter of 2012, Citigroup reported net income of US$468 million, compared with net income of US$3.77 billion in the prior-year quarter, a decrease of 88%. Revenues were US$13.95 billion for the third quarter, down 33% from the same quarter of 2011. Shares of Citigroup ended lower by 3.28% to US$37.16 on over 59.58 million shares, compared to its average volume of 43.06 million shares. The stock has a 52-week low of US$23.30 and a 52-week high of US$38.72. Its price, as of the latest close, was up 59.5% compared with the 52-week low and was 4.2% below the 52-week high. Can the stock rebound soon? Want to monitor Citigroup on an on-going basis? Investors could check C earnings forecast report here.
Read Full Report: http://www.earningforecast.com/PR/102212A/C/Citigroup.pdf
Apple Inc. (NASDAQ:AAPL): On Tuesday, Apple Inc. (NASDAQ:AAPL) officially sent out media invites for the iPad Mini event which is going to be held on October 23, 2012. The iPad Mini is expected to feature a display that is between 7 inches and 8 inches and will be priced at either US$249 or US$299. On October 20, the tech giant opened its third store in Beijing, China. According to statement from John Browett, company Senior Vice President for retail, the new store will be Apple's largest store in Asia. Browett further said that more stores were coming to China and another store was about to open in the Southern Chinese city of Shenzhen as part of Apple's geared up plans for expansion in China. In the last trading session, Apple shares slumped 22.80% to US$609.84. AAPL crossed below the 50-day moving average in the last trading session. The company has a market capitalization of US$571.67 billion with price range within US$363.32 - US$705.07 over the past 52 weeks. Investors may want to find out where AAPL will go from here. Observing comprehensive Apple earnings forecast report here.
Read Full Report: http://www.earningforecast.com/PR/102212A/AAPL/Apple.pdf
SanDisk Corporation (NASDAQ:SNDK): For the third quarter ended September 30, 2012, SanDisk Corporation (NASDAQ:SNDK) reported total revenue of US$1.27 billion, down 10% from the same quarter of 2011. On a GAAP basis, net income for the quarter was US$77 million (or US$0.31 per diluted share), compared with net income of US$233 million (or US$0.96 per diluted share), in the third quarter of fiscal 2011. On a non-GAAP basis, net income was US$118 million (or US$0.48 per diluted share) for the quarter, compared to net income of US$292 million (or US$1.20 per diluted share), a year ago. Shares of SanDisk gapped open sharply higher in the last trading session and closed higher by US$1.16 (or 2.71%) to US$44.02. In the past 52 weeks, SanDisk share prices have been bracketed by a low of US$30.99 and a high of US$53.46, and are now at US$44.02 (42% above that low price). There were 21.76 million stock shares traded, which was 4.6 times more than average volume. Observing comprehensive analysis of SanDisk could help investors avoid big lost in investment. Check SanDisk earnings forecast report below.
Read Full Report: http://www.earningforecast.com/PR/102212A/SNDK/SanDisk.pdf
Today EarningForecast.com also observed abnormal trade volume for the following companies; Check out the consensus earnings forecast reports below:
Google Inc. (NASDAQ:GOOG):
Read Full Report: http://www.earningforecast.com/PR/102212A/GOOG/Google.pdf
Arch Coal Inc. (NYSE:ACI):
Read Full Report: http://www.earningforecast.com/PR/102212A/ACI/ArchCoal.pdf
Barrick Gold Corporation (USA) (NYSE:ABX):
Read Full Report: http://www.earningforecast.com/PR/102212A/ABX/BarrickGold.pdf
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