NEW YORK ( TheStreet) -- TheStreet prides itself on having smart readers, and following Apple's ( AAPL) earnings report, they are living up to that reputation. Of the 1,393 people who responded in TheStreet's poll regarding Apple's share price, 499 people, or 35.8% of those surveyed, said they expected Apple would trade $600 or higher following its quarterly numbers.
Apple generated record second-quarter results, reporting earnings of $12.30 per share on revenue of $39.2 billion. Analysts polled by Thomson Reuters were looking for a profit of $10.04 a share on revenue of $36.81 billion. More than 30% of readers said they thought Apple's stock would trade between $580-$600 per share following the results. A smaller percentage, 16.7%, were looking for a more modest gain in the $560-$580 range after the shares finished Tuesday's regular session down 2% at $560.28. Despite Apple having fallen for ten of the past eleven session ahead of Wednesday's rally, just 16.8% of readers believed Apple would fall below $560 per share. Shares of Apple are leading the Nasdaq sharply higher, gaining 8.96% to trade at $610.50 on volume of more than 29 million. Interested in more on Apple? See TheStreet Ratings' report card for this stock. Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices. -- Written by Chris Ciaccia in New York >To follow the writer on Twitter, go to http://twitter.com/commodity_bull. >To submit a news tip, send an email to: firstname.lastname@example.org http://www.thestreet.com/story/11505061/1/where-will-apple-trade-after-earnings--poll.html