Apple announced their earnings for the third fiscal quarter yesterday and once again, they have surprised analysts, surpassing even Wall Street’s estimates.
Dan Gallagher reporting for Marketwatch said: “Shares of Apple rose nearly 2% in after-hours trading, after jumping nearly 2.6% to close at $251.89 late in the regular session. For the quarter ended June 27, the company reported earnings of $3.25 billion, or $3.51 per share, compared with earnings of $1.83 billion, or $2.01 per share, for the same period the previous year. Revenue jumped 61% to $15.7 billion.”
He went on to say “Analysts were expecting earnings of $3.11 per share on revenue of $14.75 billion, according to consensus forecasts from Thomson Reuters, Apple sold 3.27 million iPads for the period — roughly in line with the units predicted by analysts. Mac sales totaled 3.47 million units compared with expectations for 3.2 million units.”
Apple expect Q4 revenue to reach around $18 billion with earnings or $3.44 per share.
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