Apple profits beat expectations but sales miss

Apple Inc. reported a mixed quarter on Tuesday, as its profit surpassed Wall Street's expectations, but its revenue fell short.

The company also offered what appeared to be disappointing guidance.

At least initially, investors appeared to shrug off the report. In after-hours trading immediately following the earnings release, Apple's shares were down 71 cents, or about 1 percent, to $94.01.

In its third fiscal quarter, which ended June 28, the iPhone maker earned $7.75 billion, or $1.28 a share. That was up from $6.9 billion, or $1.06 a share, in the same period last year.

The company's sales rose about 6 percent to $37.4 billion.

On average, analysts polled by Thomson Reuters predicted Apple would post earnings of $1.23 a share on about $38 billion in sales.

Apple doesn't provide specific earnings guidance for future quarters. However, the company said it expect its fiscal fourth quarter sales to tally between $37 billion and $40 billion. Its expense forecast for the quarter implies that Apple expects to earn between $6.7 billion and $7.9 billion for the period. That works out to be between $1.11 and $1.31 a share, assuming the company's share count remains about the same as it was in its third quarter.

Prior to the report, analysts had predicted Apple would earn $1.34 a share on $40.4 billion in sales.

Apple's shares closed regular trading on Tuesday up 78 cents, or about 1 percent, to $94.72.

———

Visit the San Jose Mercury News (San Jose, Calif.) at www.mercurynews.com

Distributed by MCT Information Services

Anda sedang membaca artikel tentang

Apple profits beat expectations but sales miss

Dengan url

http://terakhirjaman.blogspot.com/2014/07/apple-profits-beat-expectations-but.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Apple profits beat expectations but sales miss

namun jangan lupa untuk meletakkan link

Apple profits beat expectations but sales miss

sebagai sumbernya

Terakhir Jaman