SAN FRANCISCO: Apple Inc reported better-than-expected revenue, fueled by blockbuster holiday sales of the iPhone and iPad that may help ease investor concern about Chief Executive Steve Jobs' decision to take medical leave, according to a Reuters report on Tuesday, Jan 18.
Apple reported earnings for the fiscal first quarter ended Dec. 25 of $6 billion, or 6.43 cents a share, up 78 percent from a year-ago net profit of $3.4 billion, or $3.67 a share.
Revenue rose 71 percent to $26.7 billion, much better than Wall Street's forecast for revenue of $24.4 billion.
Apple, which is known for its conservative forecasts, issued an outlook that was above analysts' targets. It expects earnings for the March quarter of $4.90 a share on revenue of $22 billion.
Apple shares closed down 2.3 percent at $340.65 on the Nasdaq and were halted in extended trading. - Reuters
Apple reported earnings for the fiscal first quarter ended Dec. 25 of $6 billion, or 6.43 cents a share, up 78 percent from a year-ago net profit of $3.4 billion, or $3.67 a share.
Revenue rose 71 percent to $26.7 billion, much better than Wall Street's forecast for revenue of $24.4 billion.
Apple, which is known for its conservative forecasts, issued an outlook that was above analysts' targets. It expects earnings for the March quarter of $4.90 a share on revenue of $22 billion.
Apple shares closed down 2.3 percent at $340.65 on the Nasdaq and were halted in extended trading. - Reuters
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