Apple had an unbelievable third quarter. Yesterday, the company reported its financial results for the quarter, which included its highest revenue and earnings in the company’s history.
Profits, Pentiums, And Podcasts: Apple’s Great Quarter
Apple delivers its best quarterly performance according to Steve Jobs, led by hot iPod sales.
GDP for First Quarter Matches Previous Quarter
The U.S. economy grew more than expected in the first quarter of the year. The Commerce Department reported a 3.8% annual growth rate, compared to the 3.5% that was estimated about a month ago.
Oracle’s Reports Strong Performance for the Fourth Quarter
Oracle reported a higher-than-expected net profit for the fourth quarter. This was largely helped by the company’s acquisition of PeopleSoft.
Ford Raises Outlook For Second Quarter, Drops it for Full Year
Ford Motor Co. has cut down its earnings per share guidance for the year, as the company’s profit outlook for North American operations weakens.
Not a Bad Quarter for Adobe
The second quarter was a good one for Adobe Systems. Aside from announcing an agreement in April to acquire Macromedia, the company just posted strong financial results for the quarter.
First Quarter GDP Beats Expectations
Last month, the gross domestic product for the U.S. was estimated to grow at a rate of 3.1% in the first quarter of this year. The rate turned out to be bigger than that according to a report released today by the Commerce Department.
Federated Gets Excited After First Quarter Results
Federated Department Stores reported a 27% increase in quarterly profit, which beat the expectations of the company as well as those of Wall Street analysts.
MCI Reports Loss For First Quarter
MCI, after being the center of a bidding war between Verizon and Qwest (which Verizon won), reported a first-quarter loss.
International Growth Helps Avon Though First Quarter
Avon’s first-quarter profit went up 16% from that of last year’s with strong international growth.