Replies to post #212285 on SwingTrade Member Forum (SWING)

[Rawnoc]

I hate AAPL for earnings. They're going to beat their ultra conservative joke guidance then guide below expectations just so they can beat it big time again. Same shit every time so I can never figure out how to play it. Probably why your straddle idea is probably a good one.

[Rawnoc]

Apple beats by $0.40, beats on revs; guides Q1 EPS below consensus, revs in-line
Reports Q4 (Sep) earnings of $1.82 per share, $0.40 better than the First Call consensus of $1.42; revenues rose 25.0% year/year to $9.87 bln vs the $9.2 bln consensus. Co reports Q4 Mac sales of 3.05 mln vs ~2.8 mln Street est, 7.4mln iPhones sold vs ~7 mln Street est, and 10.2 mln iPods sold vs 10.5 mln iPods Street. Apple prelim reports gross margin 36.6% vs 35.5% consensus. Co issues mixed guidance for Q1, sees EPS of $1.70-1.78 vs. $1.91 consensus; sees Q1 revs of $11.3-11.6 bln vs. $11.45 bln consensus. "We are thrilled to have sold more Macs and iPhones than in any previous quarter," said Steve Jobs, Apple's CEO. "We've got a very strong lineup for the holiday season and some really great new products in the pipeline for 2010."