Apple Inc. and CA Inc. Shares Explode Upward After Earnings

Apple Inc. (NASDAQ:AAPL) reported net income above Wall Street’s expectations for the first quarter. Net income for Apple Inc. rose to $13.06 billion ($13.87 per share) vs. $6 billion ($6.43 per share) in the same quarter a year earlier. This is a more than twofold rise from the year earlier quarter. Revenue rose 73.3% to $46.33 billion from the year earlier quarter. AAPL beat the mean analyst estimate of $10.07 per share. It beat the average revenue estimate of $38.76 billion.

“We’re thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs,” said Tim Cook, Apple’s CEO. “Apple’s momentum is incredibly strong, and we have some amazing new products in the pipeline. We are very happy to have generated over $17.5 billion in cash flow from operations during the December quarter,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the second fiscal quarter of 2012, which will span 13 weeks, we expect revenue of about $32.5 billion and we expect diluted earnings per share of about $8.50.”

Competitors to Watch: Hewlett-Packard Company (NYSE:HPQ), Dell Inc. (NASDAQ:DELL), Google Inc. (NASDAQ:GOOG), Microsoft Corporation (NASDAQ:MSFT), Adobe Systems Incorporated (NASDAQ:ADBE), Intl. Business Machines Corp. (NYSE:IBM), Intel Corporation (NASDAQ:INTC), Super Micro Computer, Inc. (NASDAQ:SMCI), and Nokia Corporation (NYSE:NOK).

CA Inc. (NASDAQ:CA) reported net income above Wall Street’s expectations for the third quarter. Net income for the application software company rose to $263 million (54 cents per share) vs. $200 million (39 cents per share) in the same quarter a year earlier. This marks a rise of 31.5% from the year earlier quarter. Revenue rose 10% to $1.26 billion from the year earlier quarter. CA reported adjusted net income of 65 cents per share. By that measure, the company beat the mean estimate of 51 cents per share. It beat the average revenue estimate of $1.21 billion.

“We had a good quarter on many measures and continued to make solid progress against our long-term goals,” said Bill McCracken, chief executive officer, CA Technologies. “However, we are not done. We remain focused on continuing to execute on our strategy and making further operational enhancements including driving new product sales and increasing sales productivity.”

Competitors to Watch: Oracle Corporation (NASDAQ:ORCL), Microsoft Corporation (NASDAQ:MSFT), Intl. Business Machines Corp. (NYSE:IBM), Novell, Inc. (NASDAQ:NOVL), Red Hat, Inc. (NYSE:RHT), Hewlett-Packard Company (NYSE:HPQ), BMC Software, Inc. (NASDAQ:BMC), Quest Software, Inc. (NASDAQ:QSFT), Symantec Corporation (NASDAQ:SYMC), and Compuware Corporation (NASDAQ:CPWR).

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com