Apple Blows Out Earnings

Apple after-hours reported earnings that blew out Wall Street estimates. The company reported revenue of $10.2 billion compared to estimates of $9.74 billion and actual earnings of $1.78 per share in comparison to expectations of $1.39 per share. Apple's performance is truly spectacular and even more impressive in a sluggish economy. I will personally hold my shares because I still think there is more upside potential. As I mentioned in a post last week, the company remains extremely strong fundamentally and Steve Jobs' leave is insignificant to its bottom line.

On a side note, Bank of America closed up 30%!