Apple reports profit of $1.07 billion in fiscal 2008 third quarter - a rise of 31%; Shares fall 11% on outlook
Jul 22nd, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Apple on Monday announced financial results for its fiscal 2008 third quarter ended June 28, 2008. The Company posted revenue of $7.46 billion and net quarterly profit of $1.07 billion, or $1.19 per diluted share - a rise of 31 percent. These results compare to revenue of $5.41 billion and net quarterly profit of $818 million, or $.92 per diluted share, in the year-ago quarter. Gross margin was 34.8 percent, down from 36.9 percent in the year-ago quarter. International sales accounted for 42 percent of the quarter’s revenue.