Tag: apple-shares-up-premarket

After reporting better than expected financial results for its 2007 fiscal second quarter, the company’s shares climbed in premarket trading, notes AP. “Analysts polled by Thomson Financial expected 64 cents per share in profit and US$5.17 billion in sales,” says AP. “Bear Stearns analyst Andrew Neff said Apple reported its best gross margins since 1993, and predicted the company will become more diverse.

Apple’s shares rose in premarket trading today after the San Jose Mercury News reported that it does not appear that CEO Jobs will be indicted in the federal probe of stock-option backdating, reports AP. “Apple shares gained 68 cents to US$91.65 in active premarket electronic trading, from their close Friday at $90.97 on the Nasdaq Stock Market,” notes the story.