Apple Reports Growth In Q3’15 Revenues And EPS, But Misses Estimates

Apple posted quarterly revenue of $49.6 billion and quarterly net profit of $10.7 billion, or $1.85 per diluted share. And even though that represents an impressive 32.5 percent growth in revenue and a 44.5 percent jump in EPS, in comparison to previous year, Apple’s shares continue to fall, largely because it missed Street’s higher expectations.

Gross margin for Apple was 39.7 percent compared to 39.4 percent in the year-ago quarter. Interestingly and impressively though,...

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