Apple Inc. Q4 Income Declines 19%

(RTTNews) - Apple Inc. (AAPL) released a profit for fourth quarter that decreased from last year.

The company said its earnings came in at $9.01 billion, or $1.67 per share. This was down from $11.12 billion, or $1.96 per share, in last year's fourth quarter.

Analysts had expected the company to earn $1.65 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 9.0% to $46.85 billion. This was down from $51.50 billion last year.

Apple Inc. earnings at a glance:

-Earnings (Q4): $9.01 Bln. vs. $11.12 Bln. last year. -Earnings Decline (Y-o-Y): -19.0% -EPS (Q4): $1.67 vs. $1.96 last year. -EPS Decline (Y-o-Y): -14.8% -Analysts Estimate: $1.65 -Revenue (Q4): $46.85 Bln vs. $51.50 Bln last year. -Revenue Change (Y-o-Y): -9.0%

-Guidance: Next quarter revenue guidance: $76 - $78 Bln