NEW YORK- Shares of Apple are likely to skyrocket on what appears to be a a "delicious quarter." The maker of personal computers, mobile communication devices, and portable digital player stock is currently un-traded in afterhours but not for long given its excellent quarter. CEO of The Markets Are Open Andyraw Kibbens said "that Apple Just went KOBATA." KOBATA is a seldom used Wall Street word that literally means Knocked it Out of The Ball Park Above Top Anticipation. Very few companies have earnings that are so impressive that their numbers are above any analyst on Wall Street.
Apple has now gone KOBATA for 5 straight quarters. No other company has hit for the KOBATA. Apple beat top analyst estimates by over 15%.
The company reported $28.5 billion in record revenue and $7.31 billion in record profit. EPS was $7.79 per diluted share.
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