Apple Earnings 3th Quarter 2010
With Apple’s Antennagate casting haze over the company’s stock for very much of very last week, Apple (AAPL) reversed the trend when it reported 3rd quarter earnings in the market close Tuesday.
Bolstered by powerful iPhone and Mac sales, Apple trounced targets, posting $3.51 per share, up from the profit of $2.01 in the year-ago period and properly above analysts’ estimates calling for earnings of $3.11, in accordance with Yahoo! Finance.
Product sales for that fiscal 3rd quarter ended last month were $15.7 billion, up almost double through the $8.34 income lever final year, along with a whopping $1 billion above analysts’ estimates calling for revenue of $14.7 billion.
Apple’s results have been driving shares upward in afterhours trading by much more than 3% to $259.27.
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