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  • Apple 1Q Results Blow Past Street Views, Stock Halted

    01/24/2012 2:22:11 PM PST · by PreciousLiberty · 28 replies
    Fox Business ^ | 1/24/2012 | Matt Egan
    Bouncing back from a rare earnings miss, Apple (AAPL: 420.41, -7.00, -1.64%) revealed first-quarter results late Tuesday that crushed Wall Street’s expectations, as the consumer-electronics heavyweight continues to capitalize on huge demand for its blockbuster products. Aside from announcing gigantic beats, the Cupertino, Calif.-based company reported all-time record sales for its iPhone, iPad and Mac devices as well as surprisingly upbeat guidance for the current quarter. Wall Street cheered Apple's impressive quarter, bidding the company's stock 8.69% higher to $457.05 in extended trading.