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Published on MacScoop (http://www.macscoop.com)

Apple posts $430 million of profit (UPDATE)

By Alexandros Roussos
Created 2005-10-11 18:55

Apple has just announced [1] its Q4 financial results. The company posted net profit of $430 million (up from 106 million last year) or 50 cents per share, while its revenue rose by 56% to $3.68 billion from last year.

Analysts were expecting a net profit of 36 cents per share, on revenues of $3.74 billion. This last figure seems a bit disappointing considering that most analysts were expected Apple to beat estimates on profit and revenue this quarter, as the company has been beating estimates for several quarters.

As a result, Apple's shares (AAPL [2]) are currently trading significantly lower in the after hours session. Apple's shares closed at $51.59 during the regular session and are now trading more than 10% lower near $46.

Apple is here [3].



Source URL:
http://www.macscoop.com/articles/2005/10/11/apple-posts-430-million-of-profit-update