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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Apple Profits Increase 0 comments
    Jul 23, 2014 11:58 AM | about stocks: AAPL

    Originally published at www.seclive.com

    Filing in Focus: Apple 8-K, July 22, 2014

    Apple Inc. (NASDAQ:AAPL) announced its financial results for the third fiscal quarter of 2014, posting continued profit growth, year-over-year. The consumer technology company posted 6% revenue growth, up from $35.3B to $37.4B, with improvements in gross margin. Net income rose from the year-ago $6.9B and $1.07 per share to $7.7B and $1.28 per share. iPhone sales continue to buoy the company's success, with both volume and revenue improving from last year, while iPad sales slipped 8% from last year. CEO Tim Cook commented that the company is pleased with its results and with the direction the company is headed. Lagging iPad sales are not worrying the company, which feels that the iPad is still in early development and will only improve with time.

    (click to enlarge)

    Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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