Wall Street Watch Friday: Apple Earnings Fall Short
Filed under: Earnings, Microsoft, Apple, Amazon.com, Market News
Apple (AAPL) can no longer be counted on to beat Wall Street’s profit targets. The world’s most valuable tech company posted mixed quarterly results after Thursday’s market close.
Net sales soared 27% to $36 billion, just ahead of the $35.8 billion that analysts were expecting. Unfortunately, profitability climbed by a lower than expected 23%. Apple’s net earnings of $8.67 a share fell short of the $8.75 a share that the pros were forecasting.
Investors should be used to this by now. Apple…
Wall Street Watch Friday: Apple Earnings Fall Short originally appeared on DailyFinance.com on 2012-10-26T06:00:00Z.
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