Apple goes KOBATA once again. Apple Inc. Reported earnings of $7.79 per share after the bell today. This smashed analyst expectations of $5.40 per share, and was even way above the $6.62 expected by the most bullish of analysts. Price targets will have to be raised for the stock. The earnings conference calls is coming up soon and will be something most investors will tune in to.
Apple shares are flat after hours as investors are shocked by the earnings blowout. The stock has had a massive rally as of late, but this has proved to be what seems like only the beginning. If Apple is just getting started, the earnings can continue to soar. At the current price of $370 per share, Apple stock is drastically undervalued relative to other tech plays.
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