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Prof. Aswath Damodaran on Apple's most recent earnings report

irish times logo feature
Excerpt from Irish Times -- "Investors liked Apple’s latest earnings report, driving the stock from $525 to $600 (€379-€433). The big question, according to renowned valuation expert Aswath Damodaran, is why. Damodaran, an Apple shareholder, valued the company at $649 prior to the earnings report and $648 afterwards. There was nothing new; it reported low revenue growth and continued pressure on margins while the announcement regarding stock buybacks and dividends had little impact on Damodaran’s valuation."

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