Apple 3Q Earnings Obliterate Estimates

[Michael Essany]

Apple may have even surprised Apple with the company's reported 3rd quarter revenue announced Tuesday after the close of trading on Wall Street. Blowing consensus estimates out of the water, Apple beat the street (which had forecast 3Q earnings of $14.75 billion) by posting earnings totaling $15.74 billion.

From CNBC:

Apple easily topped analysts' expectations in its fiscal third quarter and gave a better-than-expected sales forecast, pushing the company's stock higher in extended trading Tuesday.

Even Apple's guidance is worth noting with Q4 Revenue guidance at $18 billion vs. $17.03 Street consensus. Q4 EPS guidance is $3.44 vs. $3.82 Street consensus. Apple revealed today, as expected, stellar sales across its vast iDevice product line. During the quarter that ended June 30th, Apple shipped 3.27 million iPads, 3.47 million Macs, and 9.4 million iPods. Q3 iPhone shipments, however, came in at 8.4 million - slightly below consensus estimates.

With regard to the controversy and customer fallout in the wake of "Antennagate," Apple largely seems unaffected by the recent wave of negative press and consumer criticisms. Looking ahead to the next quarter, Apple is presently forecasting $18 billion in revenue and $3.44 EPS. That's a pretty bold and confident prediction, especially coming from a company that is known for presenting very, very tentative if not absurdly conservative estimates in order to blast them to bits when the cold hard data finally rolls in.

Shares of Apple exploded 4% in after-hours trading as soon as Cupertino announced the long-awaited 3Q earnings.

CNBC

[Captinsmooth]

Hey no wonder we get free bumpers...lol

[Zeal]

Got change for a 20?

[MIKE DUB]

froffl

[blkcadi]

Something so wrong about a company making that much money, how greedy can you be? As a business owner I understand about making a buck, but come on............This seems just sinful to me.

[HappycoreDJ]

Why are you blaming them? Blame the people (us) for handing over our money so easily to them.

[DontBeJealous]

Something so wrong about a company making that much money, how greedy can you be? As a business owner I understand about making a buck, but come on............This seems just sinful to me.

How is Apple greedy when it's we the people buying their product and making them rich?

[Poseidon79]

Can i haz some stock?...

[Captinsmooth]

Something so wrong about a company making that much money, how greedy can you be? As a business owner I understand about making a buck, but come on............This seems just sinful to me.

Communism may agree with you...lol

[bschucher]

Something so wrong about a company making that much money, how greedy can you be? As a business owner I understand about making a buck, but come on............This seems just sinful to me.

It's called capitalism and there isn't a damned thing wrong with it.

[EddieLeonard]

but didnt the iphone 4 get released on the 24? there is still a few days to get your money back tho so that figure could still go down right?

Can i haz some stock?...

me too plz

btw what can a super moderator do what a normal moderator cant?
just curious

[barryson77]

i guess when u have a company Named APPLE u just gotta earn that kind of money,no critics can stop em,they make the best products

[blkcadi]

tread lightly, we all have our own opinion.

[EddieLeonard]

i want to work with apple in the UI/Design labs

[blkcadi]

Communism may agree with you...lol

And this I assume you believe is humor? hmmmmmm

[MIKE DUB]

Omg

[redcard]

Something so wrong about a company making that much money, how greedy can you be? As a business owner I understand about making a buck, but come on............This seems just sinful to me.

WTF?

I would say you're making too much money, so you should reduce your prices, and live off $200 a week.

Would you? Like hell you would.

[Aliquippakid]

That 1.5 billion dollars it would cost for a iPhone 4 recall doesn't sound so extreme now eh?

[Captinsmooth]

And this I assume you believe is humor? hmmmmmm

Yes humor, hence the lulz....lol

[blkcadi]

Looks like I have pushed a few buttons here, lmao.
As I stated so you can understand, I understand about making a profit, I don't do what I do for free or for the exercise.