Apple Inc. (AAPL) delivered a rare earnings miss on Tuesday after the market closed, which sent the stock sliding more than 6% in after-hours trading.
Still, the company reported impressive gains in both profit and revenue compared with the year-ago quarter, as net income rose to $6.62 billion, or $7.05 a share, up from last year’s fiscal fourth-quarter profit of $4.31 billion, or $4.64 per share.
[In spite of Al Gore]Revenue increased to $28.27 billion, compared with year-ago sales of $20.34 billion. Gross margin widened to 40.3% compared with 36.9% one year ago. The company said 63% of revenue came from international sales.
Read more: http://www.foxbusiness.com/technology/2011/10/18/apples-4q-results-miss-views-shares-falling-after-hours/#ixzz1bKNHT3PS
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