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by sksk
4613 days ago
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CNBC's summary explains the negative reaction to the earnings: Apple posted better than expected earnings and revenue for its fourth-quarter on Monday, but shares still took a hit in after-hours trading. The tech giant posted $8.26 a share on $37.5 billion in revenue. The street estimated the company would post $7.96 a share on revenue of $36.93 billion. But investors were disappointed with guidance for gross margins. During the current quarter, the company expects gross margins of 36.5 percent to 37.5 percent, which missed forecasts of 37.9 percent. http://www.cnbc.com/id/101149511 |
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