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D&D Note

D&D Note (4-24-2012) ~ Apple Earnings BLOWOUT

D&D Note (4-24-2012)

Today was all about Apple (AAPL), iPhones, iPads, subsidies, Chinese mobile players taking market share, AT&T (T) and Verizon (VZ) missed iPhone sales, Qualcomm (QCOM) supply issues, and a company that is a real company and not superman.

And what does Apple do? BLOWOUT their Q2 earnings.

Q2 revenue of 39.2B topping estimate of 36.9B

Q2 Earnings Per Share (EPS) of $12.30 topping estimate of $10.02

Q2 Gross Margins 47.4% toping estimate of 42.8%

Q2 iPhones sales of 35.1M topping estimates of 30.5M

Q2 iPad sales of 11.8M below estimate of 11.9M

Q2 Mac sales of 4.0M below estimate of 4.5M

Q2 iPod sales of 7.7M tops estimate of 7.0M

Q3 Revenue about 34.0B below previous estimate of 37.5B

Q3 EPS about $8.68 below previous estimate of $9.96

Apple’s stock was up $40 in after hours trading

The S&P/Case-Shiller revealed yet another decline in house prices, showing we are still scrapping along the bottom of the housing market.

In Europe the Dutch bond sale of $2 billion went well, pushing yields slightly lower. Spain also had a good bond sale of $2 billion yields fell.

Big Lots (BIG) the discount retailer plunged 24% today on revised first quater outlook for same store sales. This highlights that the low income citizens of this nation are still under extreme pressure.

IBM (IBM) boosted the quarterly dividend to 13% and approved a stock buy back of $7 billion. The stock gained .69% today on the news.

Baidu (BIDU) the Chinese internet portal misses on earnings and stock gets hit 10% in after hours – could be a good time to start a position.

Gold reversed direction and gained $11.20 settling at $1,643.80 an ounce.

About ddinvestments

Trading Partner for D&D Investments

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