AAPL earnings are still pretty interesting. Revenue came is slightly above consensus. They shipped 26.9 million Iphones, above estimates of 25-25 mn. I-pad sales were a big disappointment at 14 mn on consensus of 15.3mn.
The big deal is always guidance, AAPL guided at $52bn, below the consensus of $55bn.
Yet the stock didn't get annihilated, at least nor as of yet like it did last quarter with the next day down -4.32%, I believe that AH back then was much uglier than the next day's close. AAPL is only down -.09% as of last check .
AMZN was down as much as -12.8%, at last check -1.31%
Interesting that the market or at least these two stocks aren't getting hammered as they were earlier and as many expected, at least for AAPL once it resumed trading.
Earnings are always fascinating, but I have a feeling we may be seeing more here than just earnings anomalies.
5 years ago
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