Apple Has Yet Another Spectacular Quart

Apple Has Yet Another Spectacular Quart: Apple's (AAPL) third-fiscal-quarter benefit soared one hundred twenty-five percent, hitting record-high quarterly revenue of $28.57 billion and record benefit of $7.31 billion, the company said Tuesday. The answers blew past Wall Street's forecast, although the company said it expected its red-hot performance to cool some in the next quarter, with revenue of about $twenty-five billion and diluted earnings per share of about $5.50. We are thrilled to deliver our best quarter ever, with revenue up eighty-two percent and profits up one hundred twenty-five percent," said CEO Steve Jobs. "Right now, we are very focused and excited about bringing iOS 5 and iCloud to our users this fall. Investors cheered Apple's performance even earlier earnings were proclaimed at the end of trading Tuesday. Apple shares climbed throughout the day to reach near record highs, closing at $376.85 a share. In after-hours trading the stock took off again, climbing nearly 6 percent within twenty-five minutes. In the quarter ended June 31, Apple earned $seven.79 per diluted share. That was more than double the $3.51 per share it earned in the same period a year before. The company's sales grew eighty-two percent year-over-year to $28.57 billion, while analysts polled by Thomson Financial had expected revenues of $24.75 billion for the quarter. Apple Has Yet Another Spectacular Quart