NEW YORK - Apple smashed estimates on Monday, the world largest technology company by market capitalization and soon profit said that it earned $6.43 a share or $5.9 billion on $27 billion of revenue. Andy Kibbens the CEO of The Markets Are Open was expecting $5.9 billion which was the top anticipation among analysts. Apple went straight out KOBATA. KOBATA is Wall Street lingo for "Knocked it out of the Ball-Park Above Top Anticipations." $100 million. Apple stock is down close to 4% since it reported. To see the Apple report click here.
Google reported on Thursday and their stock jumped after hours, rising more that 1.3% on earnings that topped estimates. The company earned $8.75 on non-GAAP earnings per share, beating the $8.09 consensus analyst estimate. However Google also announced that it would swap out Eric Schmidt for Google founder Larry Page. The move comes as a threat from Facebook arises. It is still too early to decide its strategic effectiveness.
Skyworks Solutions also reported on Thursday after the close. SWKS posted net income of $60.9 million or 32 cents in the first quarter of fiscal 2011 which was more than double net income of $28.0 million or 16 cents in the year-ago quarter. The stock also lost 2% since it reported. To see the full Skyworks report click here.
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