Jan 25
Apple first-quarter 2010 earnings soared past Wall Street expectations Monday, with the company reporting a profit of $3.37 billion, or $3.74 per share.
That’s up 50 percent from the same quarter a year ago, when profits reached $2.26 billion, or $2.54 per share.
Revenue for the quarter was $15.6 billion, up 32 percent from the same quarter a year ago. Wall Street was expecting between $11.21 billion and $12.6 billion in revenue on earnings of $2.07 per share. And Apple always gives an overly conservative estimate; last quarter, Apple said it was anticipating earnings between $1.70 per share and $1.78 per share, and revenue of between $11.3 billion and $11.6 billion.
