Apple profits beat estimates

10/22/2008 9:33:41 AM   Source:chinaview.cn    Author:    [Font Size:Bigger Middle Smaller]

LOS ANGELES, Oct. 21 (Xinhua) -- Apple Inc. on Tuesday announced a 27-percent jump in revenue for its fiscal fourth quarter, with profit up 25 percent.

But the computer maker's sales fell shy of analysts' estimates.

In the period that ended on Sept. 27, Apple earned 1.14 billion U.S. dollars, or 1.26 dollars a share, on sales of 7.9 billion dollars.

Analysts had forecast that Apple would earn 1.11 dollars a share on 8.05 billion dollars in sales.

The company predicted in July that it would earn 1 dollar a share on 7.8 billion dollars in sales in the just-completed quarter.

In the same period last year, Apple earned 901 million dollars, or 1.01 dollars a share, on sales of 6.22 billion dollars.

In after-hours trading after posting its report, Apple's stock was up about 10 percent, to 101.03 dollars.

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