Apple Q2 2011 Results out
BARRON'S
Tuesday, July 19, 2011 ET
Apple FYQ3 Blows Away Estimates; Rev $28.6B, EPS $7.79
By Tiernan Ray
Apple (AAPL) this afternoon reported fiscal Q3 revenue and earnings per share well ahead of expectations.
Apple revenue in the June-ended quarter rose to $28.6 billion, yielding earnings per share of 7.79 per share.
Analysts on average were expecting $25 billion in revenue and $5.85 in EPS.
CEO Steve Jobs remarked, �We�re thrilled to deliver our best quarter ever, with revenue up 82 percent and profits up 125 percent. Right now, we�re very focused and excited about bringing iOS 5 and iCloud to our users this fall.�
For fiscal Q4, Apple sees revenue of $25 billion and EPS of $5.50, below the consensus $27.7 billion annd $6.42.
The numbers in Q3 for Apple�s newer devices of the iOS platform absolutely crushed estimates, while its computers and music players fell short.
Apple sold 20.3 million iPhone units in the quarter, it said, and 9.52 million iPads.
The company sold 3.95 million Macs and 7.54 million iPods.
By contrast, analysts had been modeling perhaps 16 to 18 million iPhone units, with some expecting even lower numbers than that. iPads were generally modeled at around 8 million units. The Street had been looking for 4.2 million Mac units and about 8 million iPods.
Apple shares are halted, and are expected to resume trading at 4:45 pm, Eastern.