4:37 pm Apple beats on the top & bottom line led by iPhones well ahead of estimates; tops Q1 gross margin guidance; guides Q2 revs in-line with estimates (AAPL) : Reports Q1 (Dec) earnings of $3.06 per share, $0.46 better than the Capital IQ Consensus Estimate of $2.60; revenues rose 29.5% year/year to $74.6 bln vs the $67.53 bln consensus with gross margins of 39.9% vs 38.4% est (Guidance of 37.5-38.5%)
•Co issues in-line guidance for Q2, sees Q2 revs of $52.0-55.0 bln vs. $53.75 bln Capital IQ Consensus Estimate; sees Q2 gross margins of 38.5-39.5% vs 38.7% ests.
•International sales accounted for 65% of the quarter's revenue.
•Q1 iPhones 74.5 mln vs 66.8 mln ests 51 mln last year
•Q1 iPads 21.4 mln vs 21.8 mln ests vs 26 mln last year.
•Q1 Macs 5.5 mln vs 5.5 mln ests vs 4.8 mln last year.
Possible AAPL suppliers that could see a reaction following earnings include: QCOM, SWKS, AVGO, INVN, NXPI, TXN, CRUS.
