April 24th, 2009
02:50 PM GMT
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By now we are just about equal on reds and greens – which makes Thursday's crop of Apples signficant. Here we go.

 

Apple  - This was one of the easiest Greens of the week. With strong sales of 3.7 million by iPhone, and nearly 1 billion downloads from the App store, Apple easily topped expectations.

 

UPS – A solid Red as the Brown van company failed to meet expectations  This is hardly surprising, since as the recession takes its toll on business and consumers alike there is less demand to ship products. Whilst all this is obvious, we give UPS a red apple because shipping volumes continue to fall and guidance has to be lower

 

Concoco Philips – The company is the third largest US oil producer. Even though its profits fell, it was less than the consensus had believed. And there is some hope that the company is improving production which should pay dividends in the future…oil prices are likely to rise over the rest of the year so a Green apple for black gold.

 

Herschey – Any company that gives us comfort during a recession with chocolate deserves a Green apple (and the fact it managed to raise prices and hold its share is the icing on the chocolate ho hoho)



soundoff (3 Responses)
  1. MarieAnne Sam - Alabang, Philippines

    Expectedly, Apple exceeds expectations....and the chocolate boys (tag we give to UPS couriers) of UPS did not make it to the 'greener' pastures. While we do munch a bar of Hershey's to give us 'good feelings', glad to see that it don a 'green wrap' on Richard's analysis. Interesting results!

    Looking forward to the results summary of Q25 for Q1 2009! It would be lovely to see if the color is not that dismal! :-)

    April 24, 2009 at 3:12 pm |
  2. Job

    Hey.. Don't give Apple a full GREEN Apple.
    Give it with a bite taken out of it. :-)
    I hope you do that during the show. LOL

    April 24, 2009 at 3:30 pm |
  3. sab

    money means worry these days, you just can't walk away from this fact!

    April 25, 2009 at 8:35 am |

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About Quest Means Business

Quest Means Business airs Monday to Friday, 1600 New York and 2100 London, and is hosted by Richard Quest.

 

 

 
 
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