[MD1] Apple Reports $55 Million in Quarterly Profits
Apple Reports $55 Million in Quarterly Profits
CUPERTINO, California–April 15, 1998–Apple Computer, Inc. today announced
profits of $55 million and diluted earnings per share of $0.38 for its
second fiscal quarter ending March 27, 1998, up from a loss of $708
million, or $(5.64) per share, in the prior year quarter. The Company’s net
loss in the prior year quarter was $178 million exclusive of non-recurring
charges.
Revenues for the quarter were $1.4 billion, down from $1.6 billion in the
prior year quarter. International sales accounted for 50 percent of total
revenues.