Apple released quarterly results after the close of trading 22 April. Morgan Keegan analyst Tavis McCourt said on 23 April that Apple's $1.33 GAAP ($1.84 non-GAAP) earnings per share was substantially above his $1.09 ($1.19) estimates. McCourt noted that, similar to past quarters, gross margin led to outperformance, with slightly higher than expected revenues providing a modest lift. The analyst said iPod unit growth was surprisingly strong, while Mac sales were in line with expectations; iPhone shipments were well ahead of expectations, and it appears international sell-through is picking up steam. McCourt raised his $5.33 fiscal 2009 GAAP EPS estimate to $5.72, and his $6.26 fiscal 2010 forecast to $6.48.They liked eBay and Netgear, too, but who cares?
23 April 2009
Nice when they pick one you like
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