- Company News: Apple (AAPL) quarterly results beat analysts’ expectations
Market news
2 November 2018
Company News: Apple (AAPL) quarterly results beat analysts’ expectations
Apple (AAPL) reported Q4 FY 2018 earnings of $2.91 per share (versus $2.07 in Q4 FY 2017), beating analysts’ consensus estimate of $2.78.
The company’s quarterly revenues amounted to $62.900 bln (+19.6% y/y), beating analysts’ consensus estimate of $61.549 bln.
Its iPhone shipments were flat at 46.9 mln versus analysts’ consensus estimate of 48.0 mln.
The company also issues guidance for Q1 FY 2019, projecting revenues of $89-93 bln (versus analysts’ consensus estimate of $92.88 bln) and gross margin at 38.0-8.5% (versus analysts’ consensus estimate of 38.6%).
Apple announced that starting with the December quarter, it would no longer be providing unit-sales data on iPhone, iPad and Mac.
AAPL fell to 209.91 (-5.54%) in pre-market trading.
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