Apple Inc. (NASDAQ: AAPL) just posted earnings of $1.19 EPS and $7.46 Billion in revenues.
First Call had estimates of $1.08 EPS and $7.37 Billion in revenues.
The company is guiding next quarter to $1.00 EPS on $7.8 Billion in revenues. First Call has estimates as $1.24 EPS on $8.32 Billion in revenues. Here are some other full data points ahead of the report.
The company shipped 717,000 iPhone unites, 2.5 million Mac’s, and 11 million iPods. Gross margins were 34.8% versus 36.9% prior.
Apple’s stock closed marginally higher up 0.69% at $166.29, crossingback over its 200-day moving average after an intra-day violation. Inthe initial response after-hours, shares are down 4% at $159.50 as theinitial response.
Apple has usually been given the benefit of the doubt on having veryconservative guidance. But this time around the street is viewing thisas even too cautious for its skeptical tastes.
Jon C. Ogg
July 21, 2008