Apple
Net income rose 47 percent in the most recent quarter as more people bought Mac computers and gave in to the iPhone craze, the tech giant said. Apple unveiled a faster iPhone in June and cut the price of the previous generation of the phone to $99. That boosted iPhone sales from July through September to 7.4 million devices, half a million more than last year. Apple said it earned $1.82 per share in its fiscal fourth quarter. Sales jumped 25 percent to $9.9 billion.
Gannett
Net income fell 53 percent in the third quarter as the nation’s largest newspaper publisher endured another big decline in ad revenue. Advertising revenue in the publishing division of Gannett, which includes USA Today and more than 80 other newspapers, dropped 28 percent from a year ago. That follows a 32 percent decline in the second quarter and a 34 percent decline in the first. Gannett earned $73.8 million, or 31 cents per share, in the most recent quarter. That was down from $158.1 million, or 69 cents per share, a year earlier. Overall revenue fell 18 percent to $1.34 billion.
Hasbro
The nation’s second-biggest toymaker said Monday its profit rose 8.8 percent in the third quarter, helped by lower costs and slightly higher sales of Transformers and G.I. Joe toys. Hasbro said its earnings rose to $150.4 million, or 99 cents per share, for the three months ended Sept. 27, up from $138.2 million, or 89 cents a share, a year ago. Revenue slid 1.7 percent to $1.28 billion.
Texas Instruments
Third-quarter profit and sales inched past the improved expectations that the chipmaker issued last month, and its largest division, which makes analog chips used in digital music players and other gadgets, saw 20 percent growth for the second quarter in a row. The company said it earned $538 million, or 42 cents per share, during the quarter, down 4 percent from $563 million, or 43 cents a share, a year earlier. Sales fell 15 percent to $2.88 billion.
