Apple (AAPL) Q1 Preview: Strong Results Expected But Outlook a Dark Cloud
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Go back to Apple (AAPL) Q1 Preview: Strong Results Expected But Outlook a Dark Cloud
January 23, 2013 5:40 PM EST
It's official, the mighty Apple (Nasdaq: AAPL) has stopped growing profits. Shares of the iPhone giant are under heavy pressure after-hours Wednesday following uninspiring first quarter results that beat analyst estimates on the bottom-line but missed on the top-line. Also, iPhone sales, while strong, failed to live up to loft expectations. The company is also getting more 'realistic' on its forward guidance.
For the first time in recent memory, Apple has failed to grow profits. The company posted net profit of... More
January 23, 2013 4:40 PM EST
Shares of Apple, Inc. (NASDAQ: AAPL) are immediately down 4.8 percent following disappointing first quarter results after the close Wednesday.
Apple reported Q1 EPS of $13.81, $0.37 better than the analyst estimate of $13.44. Revenue for the quarter came in at $54.51 billion versus the consensus estimate of... More
