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Apple results blow past expectations again in 3Q

/ 06:09 AM July 20, 2011

NEW YORK— Apple says results trumped expectations for yet another quarter, with iPhone and iPad sales setting new records.

Net income in the fiscal third quarter, which ended in June, was $7.31 billion, or $7.79 per share. That’s more than double the $3.25 billion, or $3.51 per share, a year ago.

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Analysts polled by FactSet were expecting earnings of $5.82 per share.

Revenue was $28.6 billion, up 82 percent from $15.7 billion a year ago. Analysts were expecting $24.8 billion.

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The results were lifted by the sale of 20.3 million iPhones, millions more than analysts had expected.

IPad sales came in at 9.25 million units, also above analyst expectations.

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