The closing bell has rang and Apple has released its 2nd quarter earnings report for 2011. Most analysts had agreed the tablet maker would report approximately a net income of $5.35 per share on $23.7 billion in sales. But with the continued success and demand for iPad 2, stockholders are grinning from ear to ear today…if it’s even possible their grins can be any wider.
Earnings Report
March qtr. revenue: $24.67 billion vs. $23.34 billion Street consensus, $24.86 high Street estimate, $25.34 billion “blogger” consensus, $25.7 billion “real” expectations (based on prior performance vs. guidance)
March qtr. EPS: $6.40 vs. $5.36 Street consensus, $5.98 high Street estimate, $6.33 “blogger” consensus, $7.06 “real” expectations (probably too high)
March qtr. iPad shipments: 4.69 million vs. 6.2 million Street consensus (via Piper Jaffray), 6.8 million “blogger” consensus
March qtr. iPhone shipments: 18.65 million vs. 16.6 million Street consensus (via Piper Jaffray), 18 million “blogger” consensus
March qtr. Mac shipments: 3.76 million 3.6 million Street consensus (via Piper Jaffray), 3.7 million “blogger” consensus
June qtr. revenue guidance: $23 billion vs. $23.8 billion Street consensus, $23.4 billion Piper Jaffray expectations
June qtr. EPS guidance: $5.03 $5.25 Street consensus, $4.73 Piper Jaffray expectations
iPad News Via: businessinsider.com
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