JANUARY 20, 2010
Apple's 1st quarter 2010 financial report due next Monday
Apple's best quarter ever in terms of earnings per diluted share of stock (EPS) was $1.82 for the fourth quarter of 2009, i.e. last quarter. Apple traditionally books its best quarter during the first quarter (October-December) of its fiscal year which runs from October 1st to September 30th. During the record fourth quarter of 2009, Apple's net profit was nearly $1.7 billion on revenue of $9.9 billion with a gross margin of an incredible 37 percent. This was due to record Mac and iPhone quarterly sales.
This performance beat the Wall Street analysts' consensus estimate of $1.42 EPS by over 28 percent. Apple always beats the analysts' consensus estimate in recent years.
Apple forecast that its revenue for the first quarter of its 2010 fiscal year (October-December of 2009) would reach $11.3 to $11.6 billion with an EPS of $1.70 to $1.78. Apple's forecasts are usually conservative and the analysts' consensus estimate now stands at $2.05 EPS. I will have a report following Apple's announcement and conference call next Monday. [Bill Fox]
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