Apple said today its fiscal first-quarter earnings jumped about 57 percent, aided by iPod and iPhone sales, but shares plunged on an outlook...
CUPTERTINO, Calif. — Apple said today its fiscal first-quarter earnings jumped about 57 percent, aided by iPod and iPhone sales, but shares plunged on an outlook that was well below expectations.
For the quarter that ended Dec. 29, Apple earned $1.58 billion, or $1.76 per share, compared with $1.0 billion, or $1.14 per share, in the year-ago quarter. The company’s revenue rose year over year to $9.61 billion from $7.12 billion.
Analysts polled by Thomson Financial expected first-quarter earnings of $1.62 per share on $9.47 billion in revenue.
Apple said its computer shipments rose year over year to 2.32 million. The company sold 22.1 million iPods during the quarter — up from 21.1 million in the year-ago quarter. Apple sold 2.3 million iPhones in the period; the product was released in June 2007.
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For its second quarter, Apple expects earnings of about 94 cents per share on about $6.8 billion in revenue. Analysts expected earnings of $1.09 per share on revenue of $6.98 billion.
Apple shares fell $14.88, or 9.6 percent, to $140.76 in after-hours trading. They had fallen 3.5 percent during regular trading today.