Apple Inc. Reports 22% Fall In Q2 Bottom Line

(RTTNews) - Apple Inc. (AAPL) reported earnings for second quarter that lost ground from last year.

The company said its earnings came in at $10.52 billion, or $1.90 per share. This was lower than $13.57 billion, or $2.33 per share, in last year's second quarter.

Analysts had expected the company to earn $2.00 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 12.8% to $50.56 billion. This was down from $58.01 billion last year.

Apple Inc. earnings at a glance:

-Earnings (Q2): $10.52 Bln. vs. $13.57 Bln. last year. -Earnings Decline (Y-o-Y): -22.5% -EPS (Q2): $1.90 vs. $2.33 last year. -EPS Decline (Y-o-Y): -18.5% -Analysts Estimate: $2.00 -Revenue (Q2): $50.56 Bln vs. $58.01 Bln last year. -Revenue Change (Y-o-Y): -12.8%

-Guidance: Next quarter revenue guidance: $41 - $43 Bln