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Apple (AAPL) Reports Q3 Earnings: Huge Miss as 228 Hedge Funds Cry

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 Apple (AAPL) Reports Q3 Earnings: Huge Miss as 228 Hedge Funds Cry

Apple Inc. (NASDAQ:AAPL) released its earnings report for the third quarter of 2012 this afternoon after the market close. The report put Apple's earnings for the quarter at $9.32 per share on revenue of $35 billion. The numbers fall below what analysts had predicted at the company, and will surely shake investors.

In the run up to the report analysts were estimating relatively lower numbers at the company than is usually the case. A Thompson Reuters poll of analysts revealed that the consensus earnings estimate...

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