Don't get it. EPS beat, guidance in range. Revs off a little but still up big YOY. Only thing I can think of is pr margin guidance but Jason forewarned off that a while back so should be baked in. What does this stock need to do to hold gains? I should have listened to my instincts and sold off most of my position this afternoon. While it would have been at a small loss, it might be a while before we see $20 again.
The after hours drop occurred because there was a run up today. If you compare the after hour price to days ago nothing has changed. The run up occurred today (and particularly last hour) because there was some gambling that they would do better. That didn't occur, therefore the market reset their view and the price adjusted accordingly.....it's a constant battle and tug and war between expectations and reality.
Mixed bag, beat EPS estimates by .07 but missed analysts estimated on revenue by 5 million, Share buyback helped us, but revenue didn't. Probably because Apple sold more I-Phone 4 and 4S's than 5's. Lower profit margins and also I-Pads sold 4 million less than estimated. I did think their guidance would be better, but as I suspected Apple won't introduce most of their products till October. May get a phone end of September, but not both of them. Still I would have expected Cirrus has to be making the chips for all these new products in October, would have thought our numbers would be much higher. Maybe the smart phone market has matured and sales of Apple products will wane.