Apple beats earnings expectations by a mile, and its stock is soaring

 Apple needed a breakout quarter after its last whiff, and boy did it get one. The company reported revenue of $42.4 billion and earnings of $1.42 per share. Analysts were expecting earnings of $1.38 per share on revenue of $42.09 billion. As a result the company added tens of billions of value back to its share price, which rose 5% in extended trading. (5% might not feel like a lot, but for… Read More