Samsung St 93
Tech wrap: Apple earnings lay waste to expectations
25.01.12
31, or 24 cents a share, compared with $312 million, or 24 cents a share, in the year-ago period. Yahoo’s net revenue and profit fell slightly in the fourth quarter , the struggling Internet company’s last quarter before new Chief Executive Scott Thompson took the reins. Apple’s fiscal first-quarter results blew past Wall Street expectations , fueled by robust holiday sales of its iPhones and iPads. Yahoo, which fired former CEO Carol Bartz in September and appointed Thompson in January, projected that its net revenue in the first quarter would range between $1. Yahoo said it earned $296 million in net income in the three months ended Dec. Apple reported a net profit of $13. 43 million iPad tablets, outpacing already heightened expectations for a strong holiday season. Sales of iPhones and iPads more than doubled from a year ago. Analysts had expected Apple to earn $10. 33 billion, handily beating the average Wall Street analyst estimate of $38. “This is all about innovation, you...
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