“This week, Apple announced that they earned $28.2B in revenues (86% YOY), $6.6B in profits or $7.05 in eps,” The Ugly Truth writes for Seeking Alpha. “This exceeded the company’s guidance (given on July 19th) of $25B and $5.50 in eps but fell short of the Street’s estimate of $7.31 (keep in mind that their initial estimates came in at $6.80) and way short of independent analysts’ $9.07!”
Headlines like these were abundant:
• “Apple misses earnings; punished after hours”
• “Apple suppliers fall after miss”
• and my favorite…”In a rare miss, Apple 4Q disappoints”
The Ugly Truth writes, “In a bizarre turn of events, what was lost in the headlines was the fact that AAPL guided higher than what the analysts were expecting for Q1 2012!”
Read more in the full article here.