Apple Computer on Wednesday reported a third-quarter profit of $320 million, or 37 cents a share, on revenue of $3.52 billion. During the same period a year ago, Apple earned $61 million, or 9 cents a share, on revenue of $2.01 billion. Apple beat the estimates of analysts surveyed by Thomson First Call, who forecast a profit of 31 cents a share on $3.34 billion in revenue. iPod sales climbed to 6.15 million units from 860,000 a year ago.
Apple shares surged $1.36, up 3.55%, to $39.71 on heavy volume of 7,690,772 in after hours trading after ending the regular session up $0.11 at $38.35.
Related MacDailyNews articles:
MacDailyNews’ live coverage of Apple Q3 2005 earnings conference call – July 13, 2005
Apple smashes street with record revenue, earnings; shipped 6.155 million iPods – July 13, 2005
Apple Q3 2005 Macintosh and iPod unit results – July 13, 2005
Everybody prepare for the inevitable downturn tomorrow morning.
that’s the time to buy the stock!
of course, it begs the question….why then, not 1 inch above this story, is MDN reporting:
Apple Stock Quote: 38.35 (+0.11)
just curious.
Where are those stupid analysts now? The ones who were paid by Microsoft to say negative things about Apple?
Confirms what I’ve been saying, huge demand no supply, if Apple can up the volume of iPods available the numbers can only get better.
MW = program, (as in get with the program, woebegone analysts)
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Jeeez….seems like cluelessness is invading this thread. Did “AppleReseller” actually complain about iPod supply? Apple is boasting same day shipping on iPods, and has publicly claimed that supply is now in line with demand–a statement for which they would be liable if it were false.
If anyone has any evidence of supply problems, produce it.
other steve jobs, I suspect that is because MDN like many sites reports the last open market trade; the news story is about after hours trading
AppleReseller is pulling stuff out of the air.
Apple specifically said during the call that iPod sales reflect customer demand. Translation – they are able to sell as many iPods as customers want them, meaning there is no issue with supply.
for the economically illiterate – the current stock price in after hours trading on money.cnn.com is +1.36. Also, you may have noted today that reduced taxes have *again* led to increaased revenue – as demonstrated by John Kennedy, Ronald Reagan and George Bush as well as other places (Maggie Thatcher in Britain for one) and administrations that have used their brains and cut taxes.
Magic Word – except as in… what can you expect out of economic illiterates?
Dear Alan,
You’re loaded. GET A STYLIST!
Alan,
Didn’t know that the MDN feed wasn’t based on an after hours feed.
MDN, wtf is up with that?
As far as being economically illeterate, i take in $1 in income from Apple so that i don’t have to cough up over 50% of it to the government – i just live off the earnings from my investments and let other people run my private jet for me.
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Drop in morning trading?! Not likely…
AAPL has already hit 39.70 in after-hours-trading. Total rise is over 3.5% today. I suspect that it will rise for quite some time…
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Piko
…Other Steve Jobs
>of course, it begs the question….why then, not 1 inch above this story, is MDN reporting:
Apple Stock Quote: 38.35 (+0.11)
just curious.<
Because that was the position at the end of the regular trading day (4.30pm Eastern). MDN was talking about the after hours trading, after the results were released. No, I don’t fully understand it either…
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MW: reported – rather topical!
McDeans, stock trading does NOT stop at the end of regular trading day. So, at 4.30pm Eastern – market closure – the stock was 38.35, and in subsequent tradings the stock kept on climbing.
There is also pre-market trading as well, that happens before regular trading day in the US. The pre-market trading is what drives the *opening” value for a stock. Why do you think it never *opens* at the value it had at market closing the day before?
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Hint: the world is round, stock trading never really stops.
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AAPL reached $40.60 in pre-market trade. Expect a surge today.
Yep!! It’s already hit 41.89!!!
Piko
Hammm… Nice article… Interesting.
Here is intresting people… Lets talk!