Apple's Earnings Fall Is Completely Unjustified.
January 23, 2013 - 7:40pm
By SeekingAlpha
After the bell on Wednesday, tech giant Apple (AAPL) reported its fiscal first quarter results. For those that missed my preview, here it is again. For the quarter, Apple missed slightly on revenues, but earnings per share came in above expectations. Apple shares declined in the after hours period, which might provide an opportunity for investors.
Overall Results:
The following table shows Apple's results compared against the last two fiscal first quarters. Apple slightly missed revenue expectations of $54.73 billion, and beat earnings expectations for $13.44. Had analysts taken down their revenue numbers a bit more into earnings, we probably would have had a beat on the top line as well.
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