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Article: Earnings: Apple first quarter results give Jobs stock and wings.(Company Financial Information)
- Article from:
- Network World
- Article date:
- January 24, 2000
- Author:
CopyrightCOPYRIGHT 2000 Network World, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A soaring first-quarter financial report from Apple this week was coupled with news that the company's board of directors wants to send CEO Steve Jobs soaring - in his own airplane.
Apple posted a first-quarter net profit for fiscal 2000 of $183 million, or $1.03 per diluted share, beating analysts' estimates by 10 cents per share, the company says. The results for the three-month period that ended Jan. 1 compare to a net profit of $152 million, or 95 cents per diluted share, for the same quarter a year ago. Revenue for the first quarter of fiscal 2000 was $2.34 billion, up 37% from the year-ago quarter.
The report ignited Apple shares on the NASDAQ ...