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What Apple Should Do to Reclaim Star Status
So exactly why are Wall Street's knickers in such a twist over Apple's first-quarter fiscal 2013 earnings reported Wednesday? Make no mistake -- they are in a twist. The stock closed down $63.51 per share Thursday. That's a lot even for a $500 per share stock. The loss amounted to a drop of 12.4% for the day. Apple's crimes? No year-to-year earnings growth in the quarter. Apple (NASDAQ:AAPL) reported earnings for the quarter of $13.81. Although that was $.26 per share better than the Wall Street consensus it was still below the $14.03 per share the company reported in ...
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