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Earnings Update: Apple

Apple (AAPL) reported Q4 earnings per share of $8.67 which was below the consensus estimate of $8.75 and FactSet $8.83.

Revenues for the quarter we reported at $35.97 billion, which was above the consensus estimate of $35.88 billion.

However, Apple guided Q1 EPS to $11.75, which is well below the FactSet estimate of $15.57. The company guided revenues to $52.0 billion vs. $55.06 billion.

Apple shipped 5.34 million iPods, 26.91 million iPhones, and 14.04 million iPads.

The company announced that its board of directors has declared a cash dividend of $2.65 per share of common stock with an ex data of 11/12/12.

A noted analyst suggested that investors focus on the upcoming product cycle, which is expected to be strong.

AAPL stock last traded in the after-hours session at $607.56, down only slightly from the closing price of $609.54.

 

  Apple Last 12 Months

 

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