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

Market news

1 August 2018

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

Apple (AAPL) reported Q3 FY 2018 earnings of $2.34 per share (versus $1.67 in Q3 FY 2017), beating analysts' consensus estimate of $2.18.

The company's quarterly revenues amounted to $53.265 bln (+17.3% y/y), beating analysts' consensus estimate of $52.430 bln.

The company also issued upside guidance for Q4, projecting revenues of $60-62 bln versus analysts' consensus estimate of $59.4 bln.

AAPL rose to $198.44 (+4.28%) in pre-market trading.

U.S.: ADP Employment Report, July 219 (forecast 185)

The FTSE 100 has started the day in the red, and a host of disappointing earnings releases have helped drag the index lower

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