Apple Inc. Bottom Line Rises 31% In Q4

(RTTNews) - Apple Inc. (AAPL) announced a profit for its fourth quarter that rose compared to the same period last year.

The company said its bottom line advanced to $11.12 billion, or $1.96 per share. This was up from $8.47 billion, or $1.42 per share, in last year's fourth quarter.

Analysts had expected the company to earn $1.88 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 22.3% to $51.50 billion. This was up from $42.12 billion last year.

Apple Inc. earnings at a glance:

-Earnings (Q4): $11.12 Bln. vs. $8.47 Bln. last year. -Earnings Growth (Y-o-Y): 31.3% -EPS (Q4): $1.96 vs. $1.42 last year. -EPS Growth (Y-o-Y): 38.0% -Analysts Estimate: $1.88 -Revenue (Q4): $51.50 Bln vs. $42.12 Bln last year. -Revenue Change (Y-o-Y): 22.3%

-Guidance: Next quarter revenue guidance: $75.5 - $77.5 Bln