Apple Soars Past First-Quarter Earnings Expectations

Apple reported first-quarter earnings significantly higher than analysts had expected coming off a disappointing holiday season for most tech companies, but provided its usual conservative guidance. For the three-month period ended December 27, Apple recorded $10.2 billion in revenue, as compared with $9.6 billion a year ago, and net income of $1.6 billion, as compared with $1.58 billion a year ago. That translates into earnings per share of $1.78, far more than the $1.39 in earnings per share that analysts surveyed by Thomson Financial had expected. Expected revenue was $9.75 billion.

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  1. 2009-01-21 10:51 pm
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