Apple Inc. Earnings Cheat Sheet: Revenue Strengthens Again by Double-Digits

S&P 500 (NYSE:SPY) component Apple Inc. (NASDAQ:AAPL) reported higher profit for the fourth quarter as revenue showed growth. Apple offers a range personal computers, mobile devices, and portable digital music and video players. The company also sells related software, services, peripherals, and networking solutions.

Investing Insights: Amazon.com has a Stock Chart Technical Analysts Dream About.

Apple Earnings Cheat Sheet for the Fourth Quarter

Results: Net income for Apple Inc. rose to $6.62 billion ($7.05 per share) vs. $4.31 billion ($4.64 per share) in the same quarter a year earlier. This marks a rise of 53.7% from the year earlier quarter.

Revenue: Rose 39% to $28.27 billion from the year earlier quarter.

Actual vs. Wall St. Expectations: AAPL fell short of the mean analyst estimate of $7.30 per share. It fell short of the average revenue estimate of $29.45 billion.

Quoting Management: “We are thrilled with the very strong finish of an outstanding fiscal 2011, growing annual revenue to $108 billion and growing earnings to $26 billion,” said Tim Cook, Apple’s CEO. “Customer response to iPhone 4S has been fantastic, we have strong momentum going into the holiday season, and we remain really enthusiastic about our product pipeline.”

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past five quarters. Over that span, the company has averaged growth of 59.9%, with the biggest boost coming in the second quarter when revenue rose 82.7% from the year earlier quarter.

The company has now seen net income rise in three straight quarters. In the third quarter, net income rose more than twofold and in the second quarter, the figure rose 94.8%.

The company fell short of forecasts after beating estimates in the previous two quarters. In the third quarter, it topped the mark by $1.98, and in the second quarter, it was ahead by $1.05.

Gross margins grew 3.3 percentage points to 40.3%. The growth seemed to be driven by increased revenue, as the figure rose 39% from the year earlier quarter while costs rose 31.6%.

Looking Forward: For next quarter, analysts have a more positive outlook about the company’s expected results. The average estimate for the first quarter of the next fiscal year is $8.99 per share, up from $7.90 ninety days ago. Over the past three months, the average estimate for the fiscal year has climbed from $25.07 per to share to $27.81.

Competitors to Watch: Hewlett-Packard Company (NYSE:HPQ), Dell Inc. (NASDAQ:DELL), Google Inc. (NASDAQ:GOOG), Microsoft Corporation (NASDAQ:MSFT), Lenovo Group Limited (LNVGY), Adobe Systems Incorporated (NASDAQ:ADBE), Intl. Business Machines Corp. (NYSE:IBM), Intel Corporation (NASDAQ:INTC), Super Micro Computer, Inc. (NASDAQ:SMCI), and Nokia Corporation (NYSE:NOK).

Investing Insights: Amazon.com has a Stock Chart Technical Analysts Dream About.

(Source: Xignite Financials)

 

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