- Company News: Apple (AAPL) quarterly results beat analysts’ expectations
Market news
3 November 2017
Company News: Apple (AAPL) quarterly results beat analysts’ expectations
Apple (AAPL) reported Q4 FY 2017 earnings of $2.07 per share (versus $1.67 in Q4 FY 2016), beating analysts' consensus estimate of $1.87.
The company's quarterly revenues amounted to $52.579 bln (+12.2% y/y), beating analysts' consensus estimate of $50.707 bln.
The company also issued in-line guidance for Q1 FY 2018, projecting Q1 revenues of $84-87 bln (versus analysts' consensus estimate of $85.34 bln) and gross margin of 38-38.5% (versus 38.6% estimated and 38.5% last year).
AAPL rose to $174.35 (+3.71%) in pre-market trading.
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