Apple results are just out with the shares down around 6% to $517 in after hours trading due to lower than expected guidance for the second fiscal quarter between $42-44 billion versus analysts expecting of $46 billion. iPhone sales have also come in light with sales of 51 million versus hoped for sales of 54 million, though iPad sales were 26 million versus expectations of 25 million.
Revenues came in at $57.6 billion versus $57.5-58 billion expectations and Earnings Per share hit $14.50 versus forecasts between $14.08 and $14.5 and compared with $13.81 a year ago. First-quarter profit was $13.1 billion, compared with $13.1 billion a year ago,
Not what the market and certainly not what tech stocks need right now!
Contrarian Investor UK
by contrarianuk
Apple drops after hours on results on weak guidance and low iPhone sales
Jan 27, 2014 at 9:47 pm in Market Commentary by contrarianuk
Apple results are just out with the shares down around 6% to $517 in after hours trading due to lower than expected guidance for the second fiscal quarter between $42-44 billion versus analysts expecting of $46 billion. iPhone sales have also come in light with sales of 51 million versus hoped for sales of 54 million, though iPad sales were 26 million versus expectations of 25 million.
Revenues came in at $57.6 billion versus $57.5-58 billion expectations and Earnings Per share hit $14.50 versus forecasts between $14.08 and $14.5 and compared with $13.81 a year ago. First-quarter profit was $13.1 billion, compared with $13.1 billion a year ago,
Not what the market and certainly not what tech stocks need right now!
Contrarian Investor UK