Apple earnings up 12 percent for the third quarter. Revenue came in at $8.34 billion, resulting in earnings of $1.35 per share. Apple’s Q3 earnings call started at 5 p.m. ET.
“We’re making our most innovative products ever and our customers are responding,” said Steve Jobs, Apple’s CEO. “We’re thrilled to have sold over 5.2 million iPhones during the quarter and users have downloaded more than 1.5 billion applications from our App Store in its first year.”
“We’re extremely pleased to report record non-holiday quarter revenue and earnings and quarterly cash flow from operations of $2.3 billion,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the fourth fiscal quarter of 2009, we expect revenue in the range of about $8.7 billion to $8.9 billion and we expect diluted earnings per share in the range of about $1.18 to $1.23.”
Apple provided live streaming of its Q3 2009 financial results conference call utilizing QuickTime®, Apple’s standards-based technology for live and on-demand audio and video streaming. The live webcast started at 2:00 p.m. PDT on July 21, 2009 at www.apple.com/quicktime/qtv/earningsq309/ and will also be available for replay for approximately two weeks thereafter.
Key Stats:
Revenue: $8.35 billion vs. $8.20 billion consensus, $8.4-8.5 billion whispers
EPS: $1.35 vs. $1.17 billion consensus, $1.35 whispers
iPhone units: 5.2 million vs. 4.0 million consensus, 5 million whispers
Mac units: 2.6 million vs. 2.4 million consensus, 2.6 million whispers
iPod units: 10.2 million vs. 9.5 million consensus
Sept. Rev. guidance: $8.8 billion vs. $9.05 billion consensus
Sept. EPS guidance: $1.20 vs. $1.30 consensus
