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Investing

Apple’s Stock Goes Triple-Digits After Earnings

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published

Apple (AAPL-NASDAQ) issued earnings:  $0.87 EPS and sales $5.26 Billion revenues versus $0.64 EPS and revenues of $5.17 Billion.  As far as comparing its guidance to next quarter, the compay expects $0.66 EPS and sees revenues $5.1 Billion versus analysts expectations of $0.67 EPS and $5.45 Billion.

Forrest Gump’s fruit company shipped 1,517,000 Macintosh® computers and 10,549,000 iPods during the quarter, representing 36 percent growth in Macs and 24 percent growth in iPods over the year-ago quarter.  Gross margin was 35.1%, up from 29.8% in the year-ago quarter and international sales accounted for 43% of the quarter’s revenue.

STEVE JOBS sticks with the June iPhone launch date, although this says late June: "We’re very excited about the upcoming launch of iPhone in late June, and are also hard at work on some other amazing new products in our pipeline."

Shares are up more than 6% in initial reaction to a new yearly and all-time high.  This is a $102.00 price in after-hours, and that is after closing up more than 2% on the day.  The old high was $97.80 before this.

Jon C. Ogg
April 25, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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