Shares of Apple Inc.(NASDAQ:AAPL) slumped over 6% in after hours as much awaited third quarter earnings are out and the company missed analysts estimates by wide margin in terms of EPS and revenue. Moreover iPhone sold 26 million, well below analysts’ estimates of 29 million.
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The company earned $9.32 a share on revenue of $35 billion, missing analysts target of $10.38 a share on revenue of $37.35 billion. However, the company topped its own guidance.
Following is the brief earnings card :-
The company said it sold 26.0 million iPhones in the quarter, representing 28 percent unit growth over the year-ago quarter. The company sold 17.0 million iPads during the quarter, an 84 percent unit increase over the year-ago quarter. The Company sold 4.0 million Macs during the quarter, a two percent unit increase over the year-ago quarter. The company sold 6.8 million iPods, a 10 percent unit decline from the year-ago quarter.
The company noted that its Board has declared a cash dividend of $2.65 per share of the Company's common stock. The dividend is payable on August 16, 2012, to stockholders of record as of the close of business on August 13, 2012.