5 Takeaways From Apple’s Mixed Q4 Earnings Report

Apple (AAPL) late Tuesday signaled a return to revenue growth in the December quarter after three straight down quarters. Apple expects its sales to rise 1.5% year over year to $77 billion in the current quarter, based on the midpoint of its guidance. But its profit outlook disappointed. The Cupertino, Calif.-based consumer electronics giant did not provide a specific target for earnings per share. But its gross profit margin guidance implied EPS of roughly $3.18 vs. the consensus target of $3.22. Apple earned $3.28 a share in the December quarter last year. Apple’s gross margin dipped to 38% in the September quarter from 39.9% in the year-earlier period. For the current fiscal Q1, it expects a gross margin of 38% to 38.5%. Wall Street was hoping for 38.9%. “There is…

Link to Full Article: 5 Takeaways From Apple’s Mixed Q4 Earnings Report

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