Apple May Not Give Guidance In Today's Report

| About: Apple Inc. (AAPL)

With Apple’s (NASDAQ:AAPL) earnings expected after the bell today, a recap of something mentioned here two weeks ago: If Apple doesn’t file its restated options-backdating-related quarterly financial statements with the SEC by the time it releases its earnings, it will wind up reporting an abbreviated version with no guidance.

According to a report by Bob Renck of R.L. Renck & Co., who rates Apple a "sell": "When companies are not current in their filings, they are severely restricted in the comments they can make about current or future results.” Renck says his conversations with other companies that have been in a similar situation suggest that “while we might expect comments on sales and perhaps even gross margins, it is difficult to imagine Apple management being in a position to comment on net income or comparisons versus the prior year below the gross profit line."

That’s all moot, of course, if the financial statements are filed before or with the earnings release. And if they are, pay special attention to see if the company has finally changed the way it discloses its segment operating results – something mentioned here previously.

Personal note: Dow Jones is getting me a Macbook Pro as a replacement for my Dell, so I can easily do video reports from my home office. (They tell me it’s an easier process than using a Windows machine.)

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