Wednesday, January 12, 2005
Apple Blows Past Estimates
Apple Blows Past Estimates: "Apple Blows Past Estimates
By Paul Shread
Apple (Quote, Chart) delivered the earnings surprise of the season after the close on Wednesday, releasing results that far surpassed Wall Street estimates.
Apple's earnings of 70 cents a share blew past 48-cent estimates, and revenues soared 74% to $3.49 billion, well above $3.15 billion forecasts. The company reported better than expected margins of 28.5%, and also beat expectations with more than a million Macs shipped in the quarter.
As if that weren't enough, Apple said its outperformance will continue at least another quarter. The company said it expects March quarter earnings of 40 cents a share, above 33-cent estimates, and revenues of $2.9 billion, above $2.75 billion forecasts."
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glad I didn't sell yesterday after all . . . .
By Paul Shread
Apple (Quote, Chart) delivered the earnings surprise of the season after the close on Wednesday, releasing results that far surpassed Wall Street estimates.
Apple's earnings of 70 cents a share blew past 48-cent estimates, and revenues soared 74% to $3.49 billion, well above $3.15 billion forecasts. The company reported better than expected margins of 28.5%, and also beat expectations with more than a million Macs shipped in the quarter.
As if that weren't enough, Apple said its outperformance will continue at least another quarter. The company said it expects March quarter earnings of 40 cents a share, above 33-cent estimates, and revenues of $2.9 billion, above $2.75 billion forecasts."
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glad I didn't sell yesterday after all . . . .
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