$Apple(AAPL.US) -3% AH after offering a 1Q gross margin guide that fell short of ests (45-46% vs 46.7% est). 1Q rev guid…
$Apple(AAPL.US) -3% AH after offering a 1Q gross margin guide that fell short of ests (45-46% vs 46.7% est). 1Q rev guidance of +7-10% was ahead of ests (+6.1% est). 4Q revs and EPS beat ests behind iPhone strength despite weaker than expected China results.
FOURTH QUARTER RESULTS- Total Rev. $114.48B +12% y/y vs $113.5B est. - EPS $2.10 vs. $2.00 est- China Rev. $17.54B vs $18.75B est. - IPhone Rev. $57.6B +17% y/y, estimate $56.49 billion- Mac Rev. $10.8B, +24% y/y, vs $9.7B est- IPad Rev. $6.23B, -10% y/y vs $6.89B est.- Wearables, home and accessories $8.3B, -7.9% y/y, $9.0B est- Services Rev $31.57B, +9.8% y/y, vs $31.58B est- Gross margin 47.9% vs 47.6% est- Cash and cash equivalents $36.3B vs $46.8B est1Q Guidance - Total revs +7-10% vs +6.1% est- Gross margin 45-46% vs 46.72% estAAPL stock was up about +1% AH until the gross margin guidance was provided.The copyright of this article belongs to the original author/organization.
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