Tuesday, January 18, 2011

Apple Earnings,CEO Jobs

Apple  put out quarterly reviews and provided guidance unusual pink Tuesday night, helping investors set aside the news that their president's flagship company, Steve Jobs, is seriously ill again.
Shares of technology giant rose 1% in after hours following issuance of the report of the income of P1. During the regular session Tuesday, Apple shares closed at 340.65, up 2% from the record close of 348.48 Friday. At one point Tuesday, Apple's stock fell 6.5%.
Apple earned $ 6.43 per share in its fiscal Q1, 75% from a year ago and 19% higher than the U.S. $ 5.40 Wall Street expected. The Cupertino, California-based consumer electronics company said sales rose 71% to $ 26,740,000,000, crushing analysts' estimates of $ 24,430,000,000. Revenue growth has accelerated for five consecutive quarters.
In addition, the general conservative predicted Apple Q2 results ahead of what analysts expected. Apple sees EPS of $ 4.90, 47%, on sales of $ 22 billion, 63%. Analysts polled by Thomson Reuters have been targeting earnings per share of $ 4.47 on sales of 20.78 billion U.S. dollars.
Apple shipped 4,130,000 Macintosh computers in Q1, a unit increase of 23% over the previous year. It sold 16.24 million iPhones, 86%. iPod sales fell 7% to 19.45 million. The company also sold 7.33 million iPads holiday in the first quarter sales.
"The performance of our business was very strong and has sold more Macs, iPhones and iPads than in any previous quarter," said CFO Peter Oppenheimer in a conference call with analysts.
Investors seem to have shrugged off the effects of absence on this occasion Jobs says Barry Jaruzelski, a partner at global management consultancy Booz & Co. realize that Apple has a strong and talented management team that actually company can run the absence Jobs says.

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