Apple Inc (AAPL)

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Earnings: 1.55B Revenue, $19M Income, 5c/Share

Apple Posts Lower Net Income
Wednesday July 16, 4:15 pm ET

SAN FRANCISCO (Reuters) - Apple Computer Inc. (NasdaqNM:AAPL - News) on Wednesday reported quarterly earnings that fell from a year ago on slightly higher revenue as costs for the maker of Macintosh computers rose.

For the fiscal third quarter ended June 28, Cupertino, California-based Apple said it had net income of $19 million, or 5 cents a share, down from $32 million, or 9 cents, a year ago. Revenue rose to $ 1.55 billion from $1.43 billion.

Analysts had forecast Apple to post, on average, a net profit of 3 cents a share within a range of 2 cents to 6 cents, on revenue of $1.48 billion, according to Reuters Research, a unit of Reuters Group Plc.