Summary
- Apple reported Q4'14 earnings.
- The stock remains a solid buy.
- The strong results and guidance due to the iPhone 6 were predicted to struggle to have a material impact on the stock.
After the close on Monday,
Apple (NASDAQ:AAPL) reported
Q4'14 earnings for the quarter ended in September of $1.42 that easily
beat analyst estimates of $1.31. In addition, the company gave strong
revenue guidance of $65.0 billion on average for Q1'15 ending in
December that easily surpass the analyst estimates of around $63.5
billion. Despite the good numbers, the stock only had a minor gain in
after hours with it trading close to all-time highs at around $100.
Read the
full update at Seeking Alpha.
Disclosure: Long AAPL. Please review the disclaimer page for more details.
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