Tuesday, October 21, 2014

Update: Apple Q4 '14 Earnings


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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