In after hours trading, “among heavily traded issues, Apple Computer was up 2.9 percent after it reported earnings and sales that beat analysts’ expectations. The maker of sleekly designed technology products was the second most-active issue of the session,” Christopher Noble reports for CBS MarketWatch. “The company reported fiscal third-quarter profit of 16 cents a share on revenue of $2.01 billion. Analysts had been expecting profit of 15 cents a share on sales of $1.94 billion, according to a Thomson First Call survey.”
Apple shares rose $1.95 cents to $31.53 in extended trading. They earlier gained 36 cents to $29.58 in Nasdaq Stock Market composite trading and have risen 38 percent this year.
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