[3:45 PM] Sneak Peak: CNBC Reports Apple Crushes Street Estimates
CNBC is reporting Apple's numbers early and they are fantastic. After Apple's earnings warning last month, the Street had put estimates of Apple's earnings at US$.45 per share. Apple is apparently turning in a profit of US$.51 per share, crushing the estimates by US$.06. Apple's shares are trading up more than 4 points as of this writing in after hours trading, erasing losses suffered during today's session.
We will be offering live updates from the conference call as soon as they start. We will also be offering a detailed analysis of the entire 4th quarter later today or early tomorrow morning.