Pages

Custom Search

Search Mad Money Fund Blog

Are You Buying Jim Cramer's Get Rich Carefully Book ?

Share Stock Picks

Monday, October 19, 2009

Apple ( AAPL ) Takes a big bite out of apple earnings. -Strong iPhone, Mac sales send Apple's earnings up 46%! !


(AAPL 201.78, +11.92, +6.28%) on Monday reported a fiscal fourth-quarter profit of $1.67 billion, or $1.82 a share, on revenue of $9.87 billion. During the same period a year ago, Apple earned $1.14 billion, or $1.26 a share on $7.9 billion in sales. Apple's results topped the estimates of analysts surveyed by Thomson Reuters, who had forecast the company to earn $1.42 a share on revenue of $9.2 billion. Among the highlights of the quarter were sales of 7.4 million iPhones in the quarter ended Sept. 26. For its fiscal first-quarter, Apple estimates it will earn between $1.70 and $1.78 a share on revenue in a range of $11.3 billion to $11.6 billion.Apple Inc. on Monday reported a 46% increase in its fiscal fourth-quarter earnings as the company posted higher revenue than a year ago led by better-than-expected sales of iPhones, Mac computers and iPods.

(AAPL 203.22, +13.36, +7.04%) said it earned $1.67 billion, or $1.82 a share, on revenue of $9.87 billion. During the same period a year ago, Apple earned $1.14 billion, or $1.26 a share on $7.9 billion in sales. Apple's results topped the estimates of analysts surveyed by Thomson Reuters, who had forecast the company to earn $1.42 a share on revenue of $9.2 billion.

Among the highlights of the report were sales of 7.4 million iPhones in the quarter ended Sept. 26. Apple also said it sold more than 3 million Macs and 10.2 million iPods during the quarter.

For its fiscal first-quarter, Apple estimates it will earn between $1.70 and $1.78 a share on revenue in a range of $11.3 billion to $11.6 billion. Analysts had forecast Apple to earn $1.91 a share on $11.45 billion in sales.Shares of Apple Inc (AAPL.O) rose above $200 for the first time since January 2008 after the closing bell on Monday as the company reported results.

The shares were up 6.5 percent at $202.29 after closing on the Nasdaq at $189.86.
Post a Comment