Tuesday, July 19, 2011

Apple knocks it out of the park again

10:33 am (Hawaii) Apple knocks the cover off the ball with earnings of $7.79/share, revenue over $28 billion. Earnings had been projected at less than $6 per share (5.85). They must be going bonkers over at the Apple Financial Board.

Q4 revenue: Apple says $25 billion, which is less than projections above $27 bil.

I didn't open a position before the report with the stock going from a recent low of 310 to 376 today before the stock was halted afterhours. Does Apple ever disappoint? Not in years, that's for sure. That 400 threshold will be tested once trading resumes at 4:50 pm Eastern (according to CNBC).

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