Apple Q3 Profit Up 73% After iPhone
Shares of Apple (AAPL) are up $13.06 or 9.52 percent in after-market trading after the computer maker said after its third quarter profit hit 72%, beating analyst expectations.
The company made $818 million, or 92 cents a share, compared to $472 million, or 54 cents a share last year. Revenue rose 24% to $5.41 billion from $4.37 billion last year. The gross margins also improved, to 36.9% from 30.3% a year ago. Thomson Financial forecast Apple to earn 72 cents a share on $5.29 billion in sales, but they have way exceeded! Congratulations to Apple for putting itself in the same category as Amazon this quarter–the new tech bubblers!
| This entry was posted on Thursday, July 26th, 2007 at 3:47 am and is tagged with gross margins, financial forecast, analyst expectations, aapl, bubblers, iphone, computer maker, amazon, quarter profit, q3, thomson, apple. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback. |
the company made $818 million, or 92 cents a share, compared to $472 million, or 54 cents a share last year.
Apple is really damn good in creating cool gadgets. But their Mac OS seems suck to me except GUI.