Earnings: Apple Beats Wall Street Estimates To Post Its Best Non-Holiday Quarter Ever

image Apple (NSDQ: AAPL) announced its second-quarter financial results today, easily beating Wall Street expectations, despite it being the first full period that Apple’s CEO Steve Jobs has been on medical leave. Release. Earnings call (2 p.m. PST).

Apple posted revenue of $8.16 billion and a net quarterly profit of $1.21 billion, or $1.33 per diluted share. Compared to the year-ago period, revenues jumped 8.7 percent and earnings per share increased 14.7 percent from $1.16 a share. That was able to beat Wall Street estimates that were predicting Apple to report its first year-over-year earnings decline in six years. The Street was expecting Apple’s sales to increase by roughly 6 percent, while net profits were expected to slip by around 6 percent to $1.09.

Apple’s CFO Peter Oppenheimer said in a release: “We are extremely pleased to report the best non-holiday quarter revenue and earnings in our history. Apple


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