Apple Inc. (AAPL) Q4 Beats Estimates, But Stock Dives

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HFA Staff
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Apple Inc. (NASDAQ:AAPL) earnings dropped this afternoon after the market closed on Wall Street. The Californian smartphone maker showed earnings per share of $8.26 for the three month period on revenue totaling $37.5 billion. On today’s market shares in the company trended up and finished the day selling for $529.88. . In the run-up to the release of this report, analysts following Apple Inc. (NASDAQ:AAPL) were looking for earnings per share of $7.90 and revenue of $36.8 billion. In the same quarter, which Apple records as the fourth of its financial year, of 2012 the company showed earnings per share…

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The post above is drafted by the collaboration of the Hedge Fund Alpha Team.