Apple beats Street in holiday quarter; shares soar (AP)

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Apple Inc . said Wednesday its profit in the holiday quarter edged up 2 percent and beat Wall Street's expectations, buoyed in part by growing iPod sales outside the U.S.

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The iPod and iPhone maker's predictions for the current quarter came in lower than analysts were predicting, but investors seemed happy to focus on the results rather than the forecast. In extended trading after the report was released, Apple's shares jumped $9.83, or 12 percent, to $92.66. The first question for executives in a conference call regarded the health of Chief Executive Steve Jobs , who announced a week ago that he would take a six-month medical leave.

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This page contains a single entry by Viraj published on January 22, 2009 7:20 AM.

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