Apple Tastes Good
Apple (AAPL) posted $0.62 EPS and $4.84 Billion compared to consensus estimates at EPS $0.51 and revenue $4.66B. The guidance is soft, butthe shares have gapped up over 6% because it is deemed conservative and they blew away numbers today.
It gave the following guidance for next quarter of $0.70 to $0.73 on EPS and revenues of $6.0 Billion to $6.2 Billion, compatred to estimates of $0.77 and revenues of $6.45 Billion. So this is LOWER GUIDANCE, but the street is discounting this because of the amount it beats by each time they give guidance.
The biggest area was in Mac shipments were are considered much higher margin. It sold 1.61 million, and the higher estimates were 1.5 million. In iPod units it sold 8.79, which is above an 8.5 million higher-end.
Shares closed up 0.3% at $74.53, and was up around $79.00 in after-hours trading.
It gave the following guidance for next quarter of $0.70 to $0.73 on EPS and revenues of $6.0 Billion to $6.2 Billion, compatred to estimates of $0.77 and revenues of $6.45 Billion. So this is LOWER GUIDANCE, but the street is discounting this because of the amount it beats by each time they give guidance.
The biggest area was in Mac shipments were are considered much higher margin. It sold 1.61 million, and the higher estimates were 1.5 million. In iPod units it sold 8.79, which is above an 8.5 million higher-end.
Shares closed up 0.3% at $74.53, and was up around $79.00 in after-hours trading.
posted by douglas mcintyre at 4:26 AM
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