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TheStreet Open House

Apple Blows Way Past Estimates

Stocks in this article: AAPL

NEW YORK, ( TheStreet) -- Apple (AAPL) sailed well past Wall Street's financial targets for its fourth quarter.

The Cupertino, Calif. tech shop posted earnings of $4.64 a share, up from the $2.77 a share profit in the year-ago quarter and crushing analysts estimates calling for earnings of $4.06, according to Yahoo Finance.

>>Apple Earnings Blog

Apple Store

Sales for Apple's fiscal fourth quarter ended last month were $20.34, up more than from the $9.9 billion level a year ago and above analysts' forecasts that called for revenue of $18.86 billion.

Apple says it sold 14.1 million iPhones, 3.89 million Macs and 4.19 million iPads in the quarter. That compares with the street targets that had Apple selling 11.8 million iPhones, 3.76 million Macs and about 4.8 million iPads.

Analysts expect Apple to book $22.22 billion in sales for the December quarter.

Apple shares were halted in afterhours trading immediately after the earnings release Monday.

--Written by Scott Moritz in New York.



>To contact this writer, click here: Scott Moritz, or email: scott.moritz@thestreet.com.

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