NEW YORK - Apple smashes estimates as it earns $6.43 a share on $27 billion of revenue. Andy Kibbens the CEO of The Markets Are Open was expecting $6.5 a share or $5.9 billion. KOBATA is Wall Street lingo for "Knocked it out of the Ball-Park Above Top Anticipations." Well the only anticipation it didn't go above was Andy Kibbens who was 7 cents off.
This is the third quarter in a row that Apple has hit for the KOBATA. KOBATA is a seldom used word on Wall Street, though it is often talked about. Very few companies ever go KOBATA. Andy Kibbens said "back to back to back KOBATA, this is sensational."
To read the full Apple report click here.
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