Democratic Underground Latest Greatest Lobby Journals Search Options Help Login

Apple trounces Wall Street estimates (CNNMoney)

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Topic Forums » Economy Donate to DU
eppur_se_muova Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 05:44 PM
Original message
Apple trounces Wall Street estimates (CNNMoney)
By Ben Rooney, staff writer
Last Updated: January 21, 2009: 5:22 PM ET

NEW YORK ( -- Shares of Apple Inc. jumped 9% in after-hours trading Wednesday after the computer and electronics maker said its fiscal first-quarter earnings soundly beat analysts' estimates despite a difficult environment for tech sales.

The Cupertino, Calif.-based company reported net income rose almost 2% to $1.61 billion, or $1.78 per share, in the three months ended Dec. 27, compared with $1.58 billion, or $1.76 per share, a year ago.

Revenue rose 6% to $10.17 billion from $9.61 billion.

Analysts were expecting earnings per share of $1.39 and sales of $9.74 billion, according to consensus estimates gathered by Thomas Reuters.

"Even in these economically challenging times, we are incredibly pleased to report our best quarterly revenue and earnings in Apple history," Apple's chief executive Steve Jobs said in a statement.
Printer Friendly | Permalink |  | Top
AlCzervik Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 05:45 PM
Response to Original message
1. holy crap the stock went up almost 9%, yes!
Printer Friendly | Permalink |  | Top
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Mon Feb 27th 2017, 11:33 AM
Response to Original message
Advertisements [?]

Home » Discuss » Topic Forums » Economy Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC