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MacRumors

macrumors bot
Original poster
Apr 12, 2001
54,978
17,359
Apple posted their Fourth Quarter results today.

For the quarter, Apple posted a net profit of $44 million or $.12 per diluted share. In comparison, last year's 4th quarter results were a net loss of $45 million.

Apple shipped 787,000 Macs this quarter, and 336,000 iPods, both increases from last year's 4th quarter.

Apple's Finanacial Results Conference call is taking place at this time.
 

Balin64

macrumors 6502a
Jul 23, 2002
772
1
In a Mauve Dream
Not Bad News!

The figures are very impressive considering the comparison to last year's quarter. With the new products and the Holiday season, they should do even better.
 

Chad4Mac

macrumors 6502
Apr 20, 2002
299
0
Los Angeles
Originally posted by shadowfax
it says they made a profit of 12 cents per diluted share.

this is pretty cool :)

However after GAAP, 8 cents is the SEC reported standard.

Diluted, you have to love the net 12 cents over loss 13 cents previous year quarter...

Chad4Mac
 

shadowfax

macrumors 603
Sep 6, 2002
5,849
0
Houston, TX
Originally posted by Chad4Mac
However after GAAP, 8 cents is the SEC reported standard.

Diluted, you have to love the net 12 cents over loss 13 cents previous year quarter...

Chad4Mac
what's the GAAP?
 

Chad4Mac

macrumors 6502
Apr 20, 2002
299
0
Los Angeles
Originally posted by sososowhat
Looks good to me, but:

Why is AAPL down 91 cents (3.6%) after hours on this news?

Buy on the Rumor, Sell on the News.

AAPL has major resistance @ 25-26. I figure that the news is not good enough to bring it over that level. If we could just bring the education market share up, I think that we could break pass this wall...

Tomorrow is a new day, though.

Chad4Mac
 

Chad4Mac

macrumors 6502
Apr 20, 2002
299
0
Los Angeles
Originally posted by shadowfax
what's the GAAP?

"The common set of accounting principles, standards, and procedures. GAAP is a combination of authoritative standards (set by policy boards) and the accepted ways of doing accounting.

These are the rules that companies are expected to follow. If a financial statement is not prepared with GAAP principles then be very wary!

That being said, keep in mind that GAAP is only a set of standards. There is plenty of room in GAAP for unscrupulous accountants to distort figures."

http://www.investopedia.com/terms/g/gaap.asp

Really, it's designed to keep EPS on the same level with all other companies; a similar playing field.


Chad4Mac
 

Nosidda

macrumors newbie
Jun 18, 2003
4
0
This should clear up the earnings confusion

Excluding a $6 million after-tax investment gain, a favorable accounting adjustment of $3 million related to Apple's stock repurchase efforts, and other one-time items, Apple said the company would have posted earnings of $29 million or 8 cents per share. Analysts were expecting earnings of 7 cents per share, according to First Call.
 

Freg3000

macrumors 68000
Sep 22, 2002
1,914
0
New York
Great news. I wonder what would be the results if they expensed stock options though....

GAAP= Generally Accepted Accounting Principles
 

iPC

macrumors 6502
Jul 22, 2003
384
0
East Windsor, CT
In this case, after GAAP means profits before interest earned on money in the bank/stock stuff.

From Apple:
CUPERTINO, California—October 15, 2003—Apple® today announced financial results for its fiscal 2003 fourth quarter ended September 27, 2003. For the quarter, the Company posted a net profit of $44 million, or $.12 per diluted share. These results compare to a net loss of $45 million, or $.13 per diluted share, in the year-ago quarter. Revenues for the quarter were $1.715 billion, up 19 percent from the year-ago quarter, and gross margins were 26.6 percent, up from 26.4 percent in the year-ago quarter. International sales accounted for 38 percent of the quarter’s revenues.

The quarter’s results include an after-tax investment gain of $6 million, a favorable accounting transition adjustment of $3 million related to Apple’s stock repurchase agreement, and a gain on settlement of the stock repurchase agreement of $6 million. Without these items, net income would have been $29 million, or $.08 per share. Management believes that presentation of results excluding these items provides meaningful supplemental information regarding the Company’s operational performance.
 

kansaigaijin

macrumors 6502
Jan 7, 2002
386
0
the great ether
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doesn't take kanji-talk input ne?

what I said,

300,000 ipods vs. 700,000 macs!

where is this world going?
and iPod channels are expanding!
 

mxpiazza

macrumors 6502a
Apr 22, 2003
597
0
cleveland, oh
genearally speaking, what is the minimum share buy-in for stock? i would love to grab some shares of apple, but don't know the investment it would require.
 

reyesmac

macrumors 6502a
Jul 17, 2002
623
295
Central Texas
Apple comes out with long awaited updates to its macs and delivers more than speed-bumps and they end up making a profit. Gee, who'da thunkit? Maybe they should try doing that every year. Without them just depending on motorola for parts they just might.
 

Frohickey

macrumors 6502a
Feb 27, 2003
809
0
PRK
Originally posted by mxpiazza
genearally speaking, what is the minimum share buy-in for stock? i would love to grab some shares of apple, but don't know the investment it would require.

Depends. There are outfits that sell one share of AAPL stock. There are brokerage houses where you can buy as many stocks as you want, depending on your cash in the account minus a brokerage fee.
 
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