investingclub_feb11th

53 these results appear to solidify not only two

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cents for the fourth quarter to just $23.53. These results appear to solidify  not only two consecutive quarters of declining earnings, but two  consecutive declines in earnings year-over-year. If this figure holds for the  remainder of the earnings season, operating earnings will be $97.20 for  2012, which is less than a 1% rate of growth above the $96.44 reported for  2011. If not for a declining share count, due to corporate stock buy-backs,  earnings would have declined for the entire year. It comes as no surprise  that at the beginning of 2012, the consensus estimate was for a 10%  increase in operating earnings to approximately $107 - an estimate that  was off by about 10%. For the third consecutive quarter, Apple, the world’s largest technology company, fell short of analyst estimates, sending the company’s stock down a whopping 10% in after-hours trading, wiping out nearly $50 billion in shareholder value. Although it reported record financial results, Apple’s slowing growth has raised questions about the next phase in the
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company’s evolution.
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