Apple beats by $0.88, beats on revs; guides Q3 EPS below consensus, revs above consensus
Reports Q2 (Mar) earnings of $3.33 per share, $0.88 better than the Thomson Reuters consensus of $2.45; revenues rose 48.7% year/year to $13.5 bln vs the $12.04 bln consensus. Co reports Q2 gross margins of 41.7% vs Street est of 40.1%, up from 39.9% in the year-ago quarter. Co reports 10.89 mln iPods sold in Q2 vs Street est of ~9.7 mln, 8.75 mln iPhones sold in Q2 vs Street est of ~7.3 mln, and 2.94 mln Macs sold in Q2 vs Street est of ~2.9 mln. Co issues mixed guidance for Q3, sees EPS of $2.28-2.39 vs. $2.70 Thomson Reuters consensus; sees Q3 revs of $13.0-13.4 bln vs. $12.97 bln Thomson Reuters consensus. International sales accounted for 58% of the quarter's revenue. "We're thrilled to report our best non-holiday quarter ever, with revenues up 49 percent and profits up 90 percent," said Steve Jobs, Apple's CEO. "We've launched our revolutionary new iPad and users are loving it, and we have several more extraordinary products in the pipeline for this year." Stock is halted.
![](//farm4.static.flickr.com/3103/3098618239_9948d50761.jpg)