Quoted from marketwatch:
Apple (AAPL) earned $1.05 billion, or $1.16 a share, on $7.51 billion in revenue for the quarter, compared with the same period a year ago when Apple earned $770 million, or 87 cents a share, on sales of $5.26 billion.
The results topped Apple’s forecast of a profit of 94 cents a share and $6.8 billion in revenue. Analysts surveyed by FactSet Research had estimated Apple would earn $1.05 a share on sales of $7 billion.
Apple said that it sold 2.29 million Macintosh computers, 1.7 million iPhones and 10.6 million iPods during the quarter ended March 31.
For its fiscal third-quarter, Apple Chief Financial Officer Peter Oppenheimer said the company expects to earn $1 a share on revenue of $7.2 billion. Analysts had previously forecast Apple to earn $1.09 a share on $7.23 billion in sales.
Shares in after hours trading lost $7 or 4.3% after the news on the lowered guidance for the second quarter.
I smell a bargain coming. The last time Apple took a nosedive I made $600. Wait for the pullback and pull the trigger when the action levels off. Apple is one of the few juggernaut stocks that always seems to work its way out of these slumps.
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