salem
13-01-2005, Thu 8:04 AM
1Q profit quadruples on skyrocketing iPod sales, notebook demand; 2Q guidance above estimates.
January 12, 2005: 5:55 PM EST
SAN FRANCISCO (Reuters) - Apple Computer Inc. Wednesday posted a quarterly profit that blew past even the highest Wall Street forecasts on skyrocketing sales of its iPod digital music players and the highest number of Macintosh computers sold in more than four years.
Shares of Apple (Research), which issued a forecast for the current quarter that was above consensus analyst expectations, jumped 13 percent in after-hours trading from their close of $65.46 on the Nasdaq.
Cupertino, CA-based company said net income for its fiscal first quarter ended Dec. 25 nearly quintupled to $295 million, or 70 cents a share, from $63 million, or 17 cents a share, a year ago.
January 12, 2005: 5:55 PM EST
SAN FRANCISCO (Reuters) - Apple Computer Inc. Wednesday posted a quarterly profit that blew past even the highest Wall Street forecasts on skyrocketing sales of its iPod digital music players and the highest number of Macintosh computers sold in more than four years.
Shares of Apple (Research), which issued a forecast for the current quarter that was above consensus analyst expectations, jumped 13 percent in after-hours trading from their close of $65.46 on the Nasdaq.
Cupertino, CA-based company said net income for its fiscal first quarter ended Dec. 25 nearly quintupled to $295 million, or 70 cents a share, from $63 million, or 17 cents a share, a year ago.