Apple Lossless Audio CODEC (ALAC), beats earnings and revenue estimates, but disappoints on margins, to the point that the title even lost 4% in the afterhours on Wall Street. In the fourth fiscal quarter (ended September 28), the Cupertino giant sold 33,8 million iPhones, 26% more than in the same period last year, but not enough to avoid closing the third consecutive quarter with declining profits.
I profits they dropped to $7,51 billion, down from $8,22 billion in the same period last year. In terms of earnings per share, the result fell from 8,67 to 8,26 dollars, however above expectations, which did not go beyond 7,96 dollars. As for the revenues, grew from 35,97 to 37,47 billion, better than the 36,9 billion expected by the market.
Instead, they disappoint margini, which rose to 37 from 40% a year ago. And in the crucial quarter of the year, the one that includes Christmas, the figure is seen in the range of 36,5-37,5%, below the low end of the range calculated by analysts, equal to 37,8%.
