Company News: Apple (AAPL) quarterly results beat analysts’ expectations

Market news

2 August 2017

Company News: Apple (AAPL) quarterly results beat analysts’ expectations

Apple (AAPL) reported Q3 FY 2017 earnings of $1.67 per share (versus $1.42 in Q3 FY 2016), beating analysts' consensus estimate of $1.57.

The company's quarterly revenues amounted to $45.408 bln (+7.2% y/y), beating analysts' consensus estimate of $44.939 bln.

The company also issued guidance for Q4 FY 2017, projecting revenues of $49-52 bln versus analysts' consensus estimate of $49.23 bln, and gross margins of 37.5-38.0% versus analysts' consensus estimate of 38.2% and 38% last year.

AAPL rose to $158.31 (+5.50%) in pre-market trading.

U.S.: ADP Employment Report, July 178 (forecast 185)

Eurozone producer price inflation slows in June

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