FORTUNE -- Apple (AAPL) beat Wall Street's estimates pretty much across the board -- in sales, profits and units shipped. Earnings were down for the third quarter in a row, but that was as expected.
Apple closed at $529.88, up $3.92 (0.74%) for the day, but fell sharply in after hours trading. Traders may have been reacting to guidance for the December quarter that was slightly more conservative than expected: Revenue between $55 billion and $58 billion, gross margins between 36.5% and 37.5%.
By the end of the earnings call, the stock had recovered and was down less than $1. That gross margin figure looked better to analysts once they realized it included $900 million in deferrals.
"We generated $9.9 billion in cash flow from operations and returned an additional $7.8 billion in cash to shareholders through dividends and share repurchases during the September quarter, bringing cumulative payments under our capital return program to $36 billion," said Peter Oppenheimer, Apple's CFO.
Sales: $37.472 billion, up 4.2% year over year.
Net profit: $7.5 billion, down 8.8%
EPS: $8.26, down 4.7%
iPhone: 33.797 million units, up 25.6%
iPod: 4.498 million units, down 34.5%
iPad: 14.079 million units, up 0.3%
Mac: 4.575 million units, down 7.1%
iTunes/Software/Services: $4.3 billion, up 22%
Gross margin: 37%
Revenue guidance: $55-58 billion
Gross margin guidance: 36.5%-37.5%
Cash and marketable securities: $146.8 billion
Tune in here to listen in, with us, to Apple's conference call with analysts. Commentary below the fold.
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