Apple Posts US$8 Million Loss; Aside From Non-Recurring Charges, Company Earns US$11 Million

Toda y at 2:00 PM PST, Apple held its quarterly conference call (see TMO's live coverage for more information), where the company announced a net loss of US$8 million dollars or two cents per share. During the same quarter last year, Apple posted a net profit of US$38 million, or eleven cents per share. Apple was expected to post a profit of some US$11 million, or 3 cents per share. Excluding non-recurring charges, Apple would have met that goal, but Apple CFO Fred Anderson cited a US$17 million restructuring charge and a US$2 million accounting "transition."

Check It Out: Apple Posts US$8 Million Loss; Aside From Non-Recurring Charges, Company Earns US$11 Million