Apple Inc. (AAPL) Posts Record Profit
Apple Inc.'s fiscal third-quarter profit soared more than 73 percent, fueled by demand for its Macintosh computers, the strength of its iPod media players and the sales of 270,000 iPhones in the first two days on the market.
Apple shares jumped more than 6 percent in extended-session trading Wednesday even as the company issued a conservative outlook that fell short of Wall Street's expectations.
For the quarter ended June 30, Apple's profit rose to $818 million, or 92 cents per share, up from $472 million, or 54 cents a share in the year-ago quarter.
Sales grew to $5.41 billion from $4.37 billion last year.
Analysts polled by Thomson Financial expected Apple to report earnings of 72 cents per share on sales of $5.28 billion while Apple itself had projected earnings of 66 cents per share on quarterly sales of $5.1 billion.
Apple shares jumped more than 6 percent in extended-session trading Wednesday even as the company issued a conservative outlook that fell short of Wall Street's expectations.
For the quarter ended June 30, Apple's profit rose to $818 million, or 92 cents per share, up from $472 million, or 54 cents a share in the year-ago quarter.
Sales grew to $5.41 billion from $4.37 billion last year.
Analysts polled by Thomson Financial expected Apple to report earnings of 72 cents per share on sales of $5.28 billion while Apple itself had projected earnings of 66 cents per share on quarterly sales of $5.1 billion.
Labels: AAPL, Apple Inc.
posted by Stock Administrator @ 6:00 PM
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