Latest Business News: Apple's Earnings Beat Expectations

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Latest Business News: Apple's Earnings Beat Expectations

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Latest Business News: Apple's Earnings Beat Expectations

Wochit 0:56 mins

Apple's earnings weren't as bad as many were expecting..Apple earned $7.47 per share in the fiscal third quarter this year, which was above the $7.32 consensus estimate. That?s still well below what Apple earned last year, when it posted a net profit of $9.32 per share during its fiscal third quarter Michael Dell, the founder of Dell has increased his takeover bid for the computer company by 7 percent, to $13.75 a share, and a shareholder vote has been moved for a second time, to Aug. 2. US Airways says second-quarter profit fell 6 percent from last year, but still beat Wall Street expectations heading into its merger with American Airlines.

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