AAPL Post-ER Charts Thursday, 21 Jul 2011 08:43pm EDT Reuters reported that according to Bloomberg, Apple Inc. is in early talks to join the bidding for Hulu, the online video site that Walt Disney Co, News Corp and its other owners have put up for sale. Apple has begun preliminary discussions that may eventually lead to an acquisition.
Tuesday, 19 Jul 2011 04:30pm EDT Apple Inc. reported a surge in earnings on Tuesday afternoon, solidly beating Wall Street’s estimates thanks to better-than-expected sales of the company’s iPhone and iPad product lines. Earnings for Apple’s fiscal third quarter more than doubled from the same period last year, and the company generated more than $11 billion in cash from operations during the period.
When the stock resumed trading in after-hours action, it jumped about 7% to $402.73. The shares ended the regular session up 0.8% at $376.85.
“Obviously, it’s a pretty astounding number,” said analyst Scott Sutherland of Wedbush in an interview, speaking of the earnings growth.
The stock has jumped about 19% over the last month, in contrast to a flat first half of the year.
In the three months that ended June 25, Apple /quotes/zigman/68270/quotes/nls/aapl AAPL +5.44% said it earned $7.3 billion, or $7.79 a share, compared to $3.25 billion, or $3.51 a share, for the comparable period the previous year.
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