Apple Misses?

Yes, it’s true. Apple ($AAPL) just reported third-quarter earnings of $7.05 per share which was 17 cents below estimates.

Of course, since Apple always beats the Street, investors were really expecting much more. There was even talk of Apple netting $8 or $8.50 per share. This is very surprising.

For the full fiscal year, which ended in September, Apple earned $27.68 per share which was a huge increase over the $15.15 earned in the year before.

Here’s a look at Apple and its EPS from a chart I made one month ago:

Posted by on October 18th, 2011 at 5:00 pm


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