APPL Reports

Apple beats by $1.04, beats on revs; guides Q2 EPS above consensus, revs above consensus (340.65 -7.83)

 

Reports Q1 (Dec) earnings of $6.43 per share, $1.04 better than the Thomson Reuters consensus of $5.39; revenues rose 70.5% year/year to $26.74 bln vs the $24.42 bln consensus.   iPod sales of 19.45 mln compared to street expectations of ~17.7 mln.  Q1 iPad sales of 7.33 mln compared to street expectations of ~6.3 mln.   Q1 iPhone sales of 16.24 mln compared to street expectations of ~15.6 mln.  Q1 Mac sales of 4.13 mln compared to street expectations of ~4.25 mln... Co issues upside guidance for Q2, sees EPS of $4.90 vs. $4.46 Thomson Reuters consensus; sees Q2 revs of $22 bln vs. $20.71 bln Thomson Reuters consensus. "We had a phenomenal holiday quarter with record Mac, iPhone and iPad sales... We are firing on all cylinders and we've got some exciting things in the pipeline for this year including iPhone 4 on Verizon which customers can't wait to get their hands on."

 

Shares have resumed trading.  Are trading up slightly from the close.

 

Baldwin Brothers

 

Polly Talbott

 

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Ph (508) 748-0800

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www.baldwinbrothersinc.com

 

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