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Tuesday, July 22, 2014

Apple Q3 2014 Earnings LIVE: Solid iPhone Sales Lead To 20% EPS Gains, But iPad Struggles

Apple’s third-quarter earnings are in, with the company reporting $37.4 billion in revenues and a $1.28 per share in earnings. The top line (up 6%) was just a bit below the consensus forecast, which was looking for at least $38 billion — the high end of Apple’s guidance from last quarter. The keys to the quarter on the positive side were solid but unspectacular iPhone sales. Apple notched 35.2 million sales there (13% higher than a year ago), below the 36 million analysts were expecting. And iPads continued to struggle, delivering just 13.3 million units against 14.6 million last year (down 9%).

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