01-23-2013, 08:06 PM
They beat handily on EPS. For revenue, they came in at $54.50 vs $54.58 billion expected. Yes...0.15% less. Causing a 10% selloff.
Or as The Verge put it:
Or as The Verge put it:
Quote:Well, Apple reported record revenues, an eye-popping $54.5 billion in just the last 90 days. On top of that it raked in a record profit $13.1 billion. iPhone sales and iPad sales were both record highs. And yet the company fell in after hours trading. If you were to compare it to the other tech stocks who reported earnings, it might feel like Apple is in a different universe. Google missed its marks and was up 10 percent. Netflix made a tiny profit of 13 cents per share and jumped up nearly 40 percent. Yet even as it breaks records and mints cash, Apple's stock can't seem to recover its momentum.
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Currently PvPing in the stock market
Currently PvPing in the stock market
