NEW YORK -- Apple (AAPL) delivered Thursday a below-consensus quarterly profit but topped Wall Street's revenue expectations.
Apple reported fiscal fourth-quarter earnings of $8.2 billion, or $8.67 a share, on revenue of $36 billion, up from year-earlier profit of $6.6 billion, or $7.05 a share, on revenue of $28.3 billion.
Analysts were looking for the iPad, iPhone and iPod maker to post earnings of $8.75 a share on revenue of $35.8 billion.
The company sold 26.9 million iPhones, 14 million iPads, 5.3 million iPods and 4.9 million Macs during the quarter. There were some concerns over iPhone sales this quarter, as supply constraints weighed heavily. IPad sales were light, as many on Wall Street were expecting sales of about 15 million to 16 million iPads.Apple's Shot Heard Round the World
Amazon.com (AMZN), the online retailer, came up up short in its latest quarter despite a year-over-year sales increase of nearly 30%. Amazon posted a loss of $274 million, or 60 cents a share, for the third quarter on sales of $13.81 billion. In the same period a year earlier, Amazon earned $63 million, or 14 cents a share, on sales of $10.88 billion. The latest quarter includes a loss of $169 million, or 37 cents a share, related to asset impairment at its LivingSocial unit. Analysts were expecting Amazon to post a quarterly loss of 8 cents a share in the September-ended period on revenue of $13.92 billion. Operating margins came in at negative 0.2%, declining for a third straight quarter. For the fourth quarter, Amazon forecast between an operating loss of $490 million and an operating profit of $310 million with sales between $20.25 billion and $22.75 billion. Amazon, Coinstar: After-Hours Trading
Drugmaker Merck (MRK) is expected by analysts Friday to post third-quarter earnings of 92 cents a share on revenue of $11.57 billion in the September-ended period.
Earnings are also expected Friday from the likes of Comcast (CMCSA), Coventry Health Care (CVH), Goodyear Tire (GT), Legg Mason (LM), Moody's (MCO), Newell Rubbermaid (NWL), Starwood Financial (SFI) and Weyerhaeuser (WY).
Dean Foods (DF) Morningstar business has attracted takeover interest from Michael Foods and Mexican dairy company Grupo Lala, people familiar with the matter told Reuters, in a deal that could be valued in the $1 billion to $1.5 billion range.
Wal-Mart (WMT) said Friday it plans to open 100 stores in the next three years in China and add 18,000 jobs. The pace of store openings is a slowdown from earlier growth rates for Wal-Mart in the competitive Chinese retail sector.
-- Written by Joseph Woelfel
>To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: email@example.com.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV