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Despite strength, Apple earnings miss the mark Nonetheless,
Apple handily topped its own forecast, which called for
earnings of $5.50 a share on revenue of $25 billion. The company posted a gross profit margin of 40.3 percent, up 3.4 percent from the same quarter last year. Shares of
Apple's stock
... read moreKumar Cites IPhone Transition for Apple Earnings Miss (Video) Oct. 18 (Bloomberg) -- Ashok Kumar, an analyst at Rodman & Renshaw LLC, talks about
Apple Inc.'s fourth-quarter
earnings and outlook.
Apple's profit fell short of analysts' predictions for the first time in at least six years after customers put off
... read moreApple Earnings: A Rare Miss, 17 Million iPhones, 11 Million iPads Sold Apple's long track record of underpromising and overdelivering when it comes to the
earnings guidance it provides to the financial community seems to have finally reached an end, despite an otherwise strong quarter.
Apple (NSDQ: AAPL) reported revenue
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