AAPL Breaks $100 In After Hours Trading

April 25th, 2007 at 3:00 PM - Apple Stock Watch by Jeff Gamet

Following Appleis second quarter earnings report on Wednesday, the company stock did the opposite of what it usually does after the conference call: It started to climb. Not only did it climb, but by 7:15 a.m. eastern time on Thursday, it was already close to US$104.

The Mac and iPod maker managed to record another record breaking quarter with $5.26 billion in revenue, a profit of $770 million or $0.87 per diluted share. Analysts were predicting Apple would come in lower with $5.17 billion in revenue and $0.66 per diluted share.

Apple CFO Peter Oppenheimer commented "We are very pleased to report the most profitable March quarter in Appleis history."

Apple is currently trading in the pre-market at $104.05, up 8.702 (9.13%).

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