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 - Get Report), 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 - Get Report) 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 - Get Report), 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 - Get Report) 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.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
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
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts