Apple after the bell 10/18/06: a great quarterly earnings report

Posted Oct 18th 2006 6:09PM by Tobias Buckell
Filed under: After the Bell, Earnings Reports, Press Releases, Products and Services, Apple Inc (AAPL)

Apple Computer, Inc. (NASDAQ: AAPL) ended the day at $74.53, up 24 cents or 0.32%. Expectations were that Apple was going to announce a good quarter, which it did, with profit rising 27% to $546 million. Gross margins were up 1.1%, units sold were up as well. You can see the liveblog of the quarterly earnings report here. You can see Apple's press release summarizing the reportings here.

The other reassuring news for many investors was that a Piper Jaffray analyst expects Steve Jobs to remain running Apple. With CEOs at other companies experiencing backdated stock options scandals getting tossed to the curb, many have started wondering if Steve Jobs might get ousted. And many remember what happened the last time Steve left Apple.

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Reader Comments (Page 1 of 1)

10-18-2006 @ 7:12PM

Thomas Nawn said...

Apple is awash with cash billions and no debt. Come on Stevie time for a multi billion buyback

10-19-2006 @ 4:37AM

an_observer said...

Apple is entering into a very competitive smartphone space. The last thing I, as a long term investor of Apple since 2G iPod, want is for the company to initiate a stock buyback, waste cash to enrich few short term speculators.

10-19-2006 @ 4:37AM

KB Shaw said...

The bulk of creative professionals and agencies are holding off buying new Macs until Adobe release's the universal version of its Creative Suite and Macs start to ship with the new OS. When those two events happen, expect Apple to post record computer sales.