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Tuesday, July 21, 2009

Apple Inc. Q3 Earnings Report Information Beats but Lower

Breaking news: Apple Inc. (NASDAQ:AAPL) beat earnings estimates for Q3 2009 by reporting net income of $1.35 a share versus the consensus estimate of $1.17 a share. Apple also beat on the top line reporting revenue of $8.34 Billion versus $8.2 Billion. Apple closed at 151.51 a share Tuesday, and looks to be selling off at first glance after hours. After reporting Apple (NYSE:AAPL) is down $ to $151 a share after hours. Depending on guidance and any other comments coming from earnings conference call will certainly impact this stock. I Will be listening to Apple's conference call shortly.

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