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10 Stocks With Explosive Earnings Growth: No. 2 Apple (AAPL)

July 14, 2009 6:05 PM EDT

In the current difficult macroeconomic environment it is hard to find companies that are earning a meaningful profit, let alone growing earnings. But these 10 stocks have been rewarding investors with explosive earnings growth and stock performance to boot. You can track the entire series here.

Number 2: Apple Inc. (Nasdaq: AAPL)


Apple Inc. design, manufacture, and market personal computers, portable digital music players, and mobile communication devices and sell a variety of related software, services, peripherals, and networking solutions. The company is responsible for the Mac, iPod and iPhone.


Apple sells its products worldwide through its online stores, its retail stores, its direct sales force, and third-party wholesalers, resellers, and value-added resellers.� At the end of fiscal 2008, the Company had opened a total of 247 retail stores, including 205 stores in the U.S. and a total of 42 stores internationally.

Earnings Growth:
From 2004 through 2008 Apple has grown its diluted EPS from $0.34 to $5.36, that's a 15-fold increase! Net income in that time has grown form $266 million to $4.834 billion, that's a 17-fold increase!

In 2Q of 2009, Apple reported a net quarterly profit of $1.21 billion and EPS of $1.33 per diluted share, up from $1.05 billion and $1.16 per diluted share in the year-ago quarter.

Earnings Prospects:
Analysts on average expect Apple to earn $5.54 per share in fiscal year 2009, up from the $5.36 earned last year, which would represent growth of 3%. In fiscal year 2010, analysts on average expect Apple to earn $6.43 per share, which would represent growth of 16%! In fiscal year 2011, analysts on average expect Apple to earn $7.49, which would represent growth of 16.5%. In fiscal year 2012, analysts on average expect Apple to earning $8.21, which would represent growth of 10%!

Stock Performance:
Shares of AAPL are up 67% YTD, versus a 0.3% rise in the S&P 500. Over the last year, shares of AAPL are down 18% versus the 26% slide in the S&P 500. Over the last 5 years, shares of Apple are are 848% versus the 19% slide in the S&P 500.


Follow The Entire Series: 10 Stocks With Explosive Earnings Growth 2009

Past Series: 10 Stocks Taking Care of Investors 2009


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