Open

Coming up

Don't miss

Replay


LATEST SHOWS

AFRICA NEWS

Ebola: Mali's first case dies

Read more

MEDIAWATCH

Queen Elizabeth tweets

Read more

THE WORLD THIS WEEK

The world this week - October 24 2014 (part 2)

Read more

THE WORLD THIS WEEK

The world this week - October 24 2014

Read more

FRANCE IN FOCUS

Art rocks and shocks Paris

Read more

#TECH 24

Samsung's Gear VR Reviewed

Read more

#TECH 24

How to become a Cyborg

Read more

ENCORE!

Paris rediscovers Picasso

Read more

#THE 51%

Should freezing your eggs be a company benefit?

Read more

Business

Apple's quarterly net profit soars

Text by News Wires

Latest update : 2010-10-18

Apple Inc has posted better-than-expected net profit, 4.31 billion dollars, from sales of iPhones and iPads, and set a revenue forecast for this current quarter that well exceeds Wall Street's target.

REUTERS - Apple Inc posted better-than-expected profit and revenue and set a revenue forecast for the current quarter that was well above Wall Street's target.
 
The company reported a net profit of $4.31 billion, or $4.64 a share, in the fiscal fourth-quarter ended Sept. 25, up from $2.53 billion, or $2.77 cents a share, in the year-ago period.

That was better than the average analyst estimate of $4.08 a share, according to Thomson Reuters I/B/E/S.

Revenue surged 67 percent to $20.3 billion, ahead of Wall Street's target of $18.9 billion.

The company forecast current-quarter earnings of $4.80 a share on revenue of $23 billion.

Shares of Cupertino, California-based Apple closed at $318.00 on Nasdaq and were halted in after-hours trading.

Date created : 2010-10-19

COMMENT(S)