• Company News: Apple (AAPL) Q2 EPS beat analysts’ estimate

Market news

3 May 2017

Company News: Apple (AAPL) Q2 EPS beat analysts’ estimate

Apple (AAPL) reported Q2 FY 2017 earnings of $2.10 per share (versus $1.90 in Q2 FY 2016), beating analysts' consensus estimate of $2.02.

The company's quarterly revenues amounted to $52.896 bln (+4.6% y/y), generally in-line with analysts' consensus estimate of $53.081 bln.

In Q2, it sold 50.8 mln of iPhones (versus 52.5 mln estimated and 51.2 mln sold last year), 8.9 mln iPads (versus 9.6 mln estimated and 10.2 mln sold last year), 4.2 mln of Macs (versus 4.2 mln estimated and 4 mln sold last year).

The company also issued downside guidance for Q3, projecting Q3 revenues of $43.5-45.5 bln versus analysts' consensus estimate of $ 45.65 bln.

AAPL fell to $145.60. (-1.29%) in pre-market trading.

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