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Despite strength, Apple earnings miss the markNonetheless, 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 more
Kumar 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 more
Apple 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 ... read more
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