Computer maker posts earnings of 16 cents a share, up from 5 cents a year earlier; stock rallies.
July 14, 2004: 4:46 PM EDT
SAN FRANCISCO (Reuters) - Apple Computer Inc. on Wednesday posted quarterly net income that more than tripled, fueled by surging sales of its market-leading iPod digital music players.
For its third quarter ended June 26, Cupertino, California-based Apple (AAPL: Research, Estimates) said it had net income of $61 million, or 16 cents a share, up from $19 million, or 5 cents a share, in the year-ago period.
Apple shares jumped more than 3 percent in after-hours trading after rising about 1 percent during regular trading on Nasdaq.
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