Thursday, April 24, 2014

Apple profit up 7.4% and sum $ 10.2 billion in fiscal Q2

SÃO PAULO-even in a quarter with a few innovations in terms of products and systems updates, Apple surpassed analysts ' estimates for profit and revenue. The net profit of $ 10,22 billion obtained in the three months ended in March surpassed 7.4% the $ 9.55 billion recorded a year earlier.
Earning per share rose from $ to $ 10,09 11,62 in comparing the first three months of 2013 and 2014, helped by share buyback program the company American papers, which decreased the outstanding shares.
Net revenues reached $ 45,65 billion in the second fiscal quarter ended in March, up 4.6% from the $ 43.6 billion recorded a year earlier. The Apple's forecast for the quarter was revenue between $ 42 billion and $ 44 billion.
The American company surpassed Analyst estimates both in terms of revenues — was expected revenue $ 45.54 billion — how much net profit — the expectation was for $ 9.07 billion.
The company commercialized 43.7 million iPhones in the quarter and revenue with sales of $ 26.1 billion, down 20% on the fourth quarter and indentation of 13.5% over a year earlier. The billing with the commercialization of 16.3 million iPads in the quarter fell 34 percent compared with the period from October to December 2013, to $ 7.61 billion, with a decrease of 13% on the second fiscal quarter of 2013.
After more than a decade of high growth in profits, revenue and earnings stabilisation defy company showing signs of confidence. So, Apple expanded the size of the share repurchase program to $ 60 billion, announced in 2013, to $ 90 billion. The company intends to do buybacks over $ 130 billion by the end of 2015.
The company also raised the quarterly dividend by about 8 percent, to $ 3.29 per share.
Valor Econômico - 23/04/2014
Related products
News Item translated automatically
Click HERE to see original
Other news
DATAMARK LTDA. © Copyright 1998-2024 ®All rights reserved.Av. Brig. Faria Lima,1993 third floor 01452-001 São Paulo/SP