Apple Shares Up on Profit
Quote from Red-Herring
"Shares of Apple jumped as much as 8 percent Thursday after the computer maker dazzled industry watchers with reports that surging shipments of Macs and iPods drove a 425 percent increase in fiscal third quarter earnings.
Excluding one-time expenses, Apple said earnings rose to $330 million, or $0.38 per share, from $75 million, or $0.10, a year ago. That easily beat the $0.31 consensus estimate of 18 analysts surveyed by Thomas Financial.
Revenue rose to $3.52 billion, compared to Wall Street expectations of $3.33 billion and revenues of $2.01 billion a year ago. Net income, including all expenses, rose to $320 million, or $0.37 per share. Both are record figures in the company’s history, executives said. In recent trading, shares rose $3.05 to $41.40."
I would say "Suddeenly something happend....". Couple of days back the scene was completely different.
Its all market game :P