Apple Reports First Quarter Results
Highest Quarterly Revenue and Earnings Ever
All-Time Record iPhone, iPad and Mac Sales
Apple (Nasdaq:AAPL) announced financial results for its fiscal 2012 first quarter which spanned 14 weeks and ended December 31, 2011. The Company posted record quarterly revenue of $46.33 billion and record quarterly net profit of $13.06 billion, or $13.87 per diluted share. These results compare to revenue of $26.74 billion and net quarterly profit of $6 billion, or $6.43 per diluted share, in the year-ago quarter. Gross margin was 44.7 percent compared to 38.5 percent in the year-ago quarter. International sales accounted for 58 percent of the quarter�s revenue.
The Company sold 37.04 million iPhones in the quarter, representing 128 percent unit growth over the year-ago quarter. Apple sold 15.43 million iPads during the quarter, a 111 percent unit increase over the year-ago quarter. The Company sold 5.2 million Macs during the quarter, a 26 percent unit increase over the year-ago quarter. Apple sold 15.4 million iPods, a 21 percent unit decline from the year-ago quarter.
�We�re thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs,� said Tim Cook, Apple�s CEO. �Apple�s momentum is incredibly strong, and we have some amazing new products in the pipeline.�
�We are very happy to have generated over $17.5 billion in cash flow from operations during the December quarter,� said Peter Oppenheimer, Apple�s CFO. �Looking ahead to the second fiscal quarter of 2012, which will span 13 weeks, we expect revenue of about $32.5 billion and we expect diluted earnings per share of about $8.50.�
Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its revolutionary iPhone and App Store, and is defining the future of mobile media and computing devices with iPad.
More about AAPL at www.apple.com
Edac Technologies Corporation (NASDAQ:EDAC), a diversified designer, manufacturer and servicer of precision components for aerospace and industrial applications, announced that it will report financial results for the fourth quarter of 2011 on Wednesday, March 7, 2012. In conjunction with the earnings release, the Company will host a conference call at 10:00 a.m. (Eastern Time) on March 7. The call will be broadcast simultaneously for all interested parties over the Internet. Listeners can access a webcast of the conference call live over the Internet at www.edactechnologies.com. Please allow 10 minutes prior to the call to visit the site to download and install any necessary audio software. After the call has taken place, its archived version will be available at this web site.
EDAC Technologies Corporation provides design, manufacturing, and other services to the aerospace and industrial markets.
Sun Hydraulics Corporation (NASDAQ:SNHY) announced that it, in conjunction with its builder Halfacre Construction, has applied for all permitting to begin site preparation for a planned expansion on property the Company owns at 803 Tallevast Road. The initial phase of the planned expansion, an infrastructure utility building that will serve both the existing 701 Tallevast facility and the planned new facility. The new facility, when completed, will have 60,000 square feet of manufacturing and 16,000 square feet of office space to create capacity for future growth. The total investment, including the completed infrastructure utility building and site work, is estimated to be approximately $16 million.
Sun Hydraulics Corporation, together with its subsidiaries, designs, manufactures, and sells screw-in hydraulic cartridge valves and manifolds used in hydraulic systems for industrial and mobile markets.
Global Hunter (GBLHF.PK)
Global Hunter’s focus is on strategic and base metals, with an advanced stage copper oxide project in Chile and a highly prospective molybdenum property in British Columbia, Canada. GBLHF teams are working on developing the Corona de Cobre property in Chile and the Rabbit south property in British Columbia.
La Corona de Cobre, Chile:
+18,000 hectare land package in coastal belt of Andean Cordillera of Chile on the Atacama Fault Zone.(”Chilean Iron-Copper Belt”)
Project Highlights
- Copper oxide deposit, leachable
- Existing NI 43-101 Resource Estimate (225 million pounds of copper)
- Management with proven track record
- Highly qualified technical team
- Low operating costs of appr. $ 1.00/lb (preliminary calculation)
- Substantial upside potential (resource covers less than 0.1% of total area)
Rabbit South, British Columbia:
1,900 hectare land package between two of British Columbia’s most successful copper mines (Afton and Highland Valley)
Project Highlights
- 1,900 hectares 26km from Kamloops, British Columbia, between the Afton and Highland Valley copper mines
- 86 holes drilled on property from 1979 to 2005
- Two large target areas identified
- Recent drilling confirms presence of wide-spread near-surface molybdenum mineralization.
Molybdenum is an essential trace element in humans, animals and plants. Molybdenum metal was first used in 1910 as a filament support for incandescent lamps. Molybdenum increases the strength of alloy steels. Molybdenum increases the corrosion resistance of stainless steels. Alloying in iron, steel and super alloys accounts for 80% of all Molybdenum use.
A wide range of high-technology products, including catalysts, jet engines, medical equipment and semi-conductors, rely on molybdenum metal and chemicals. Molybdenum transforms to molybdate in the freshwater & marine environment. The toxicity of molybdate in these environments is several orders of magnitude lower than that of most high-volume metallic elements that have been similarly assessed.
For more information please visit official website of GBLHF.PK: www.globalhunter.ca/homeabout.html
Energy Recovery, Inc. (NASDAQ:ERII), a leader in the design and development of energy recovery devices and pumps for desalination and other industrial processes, will release its financial results for the quarter ended December 31, 2011 and the full year of 2011 on Thursday, March 8, 2012 after the market close. Tom Rooney, President and Chief Executive Officer, and Alex Buehler, Chief Financial Officer, will host a conference call on Thursday, March 8, 2012 to discuss financial results from the fourth quarter and full year. After opening remarks, management will take questions from those analysts who regularly cover the company.
Energy Recovery, Inc. engages in the development, manufacture, and sale of energy recovery devices and pumps primarily for use in seawater and brackish water desalination worldwide.
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