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Is It Time to Buy Apple Post-Earnings?

Apple  (AAPL) – Get Report Maven Daniel Martins joined TheStreet to talk about Apple’s earnings. 

Let’s take a look at the report

Apple said profits for the three months ending in June, the tech giant’s fiscal third quarter, were pegged at $1.30 per share, up 100% from the same period last year and well ahead of the Street consensus forecast of $1.01 per share. Group revenues, Apple said, rose 36% from last year to $81.4 billion, again topping analysts’ estimates of a $73.3 billion tally.

Apple said iPhone revenues rose 49.8% from last year to $39.57 billion, well ahead of the $35.8 billion Street forecast of around 35.8 billion.

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