Apple Way Ahead This Quarter, In-Line Guidance (AAPL)
After today’s close we got to see earnings out of Apple (NASDAQ: APPL). Steve Jobs & Co. posted $1.16 EPS and $7.51 Billion in revenues. The estimates from First Call were $1.07 EPS on $6.96 billion in revenues. Gross margin…
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After today’s close we got to see earnings out of Apple (NASDAQ: APPL). Steve Jobs & Co. posted $1.16 EPS and $7.51 Billion in revenues. The estimates from First Call were $1.07 EPS on $6.96 billion in revenues. Gross margin was 32.9%, down from 35.1% a year ago and international sales accounted for 44% of the quarter’s revenue. More specifically, the following metrics were given for individual sales of its products:
- Apple shipped 2,289,000 Macintosh,
- sold 10,644,000 iPods,
- iPhone sales were 1,703,000
The company also gave guidance of $1.00 EPS on $7.2 Billion in revenues. Next quarter estimates are $1.10 EPS on $7.16 million in revenues.
Shares closed up 1.7% at $162.89 in regular trading and shares are up less than 1% at $163.00 in after-hours reaction. So far, this is the lowest reaction in after-hours trading on this stocks earnings. It is very surprising to see such a small reaction.
Jon C. Ogg
April 23, 2008
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