Apple Pleases Investors, Icahn, Announces Stock Split

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Apple Pleases Investors, Icahn, Announces Stock Split
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After a temporary halt in trading, Apple shares rocketed upwards after it posted earnings and revenue well above estimates today and announced a 7-1 stock split. Apple Inc. (NASDAQ:AAPL) posted earnings of $11.62 a share, on revenue of $45.6 billion while the consensus estimate was calling for earnings of $10.18 per share and revenue of $43.53 billion.

iPhone sales were well over analysts’ expectations while iPad sales disappointed some.

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