Apple shares rocket 6.5% in after-hours trading on stellar earnings report

Shares of Apple Computer Inc. jumped sharply in after-hours trading Monday evening, after the company posted its latest stellar inancial results.

Apple gained 6.5% to $79.40 after reporting a fiscal fourth-quarter profit of $546 million, or 62 cents a share, on revenue of $4.84 billion.

In the same quarter last year, the iPod and Mac maker earned $430 million or 50 cents a share on revenue of $3.68 billion.

The company beat the estimates of analysts surveyed by Thomson First Call, who forecast Apple to earn 51 cents a share on $4.67 billion.

Related article:
Apple Q4 earnings results: $546M net profit on $4.84B revenue, sold 1.61M Macs, 8.729M iPods – October 18, 2006

19 Comments

  1. We have a new MacPro at work. The standard 2.66 model. It blows away the Quad G5 in all the Adobe apps even though they’re not native yet. If someone needs a new machine now, just buy the MacPro. Performance is fantastic NOW and will only be better with native CS3.

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