Company News: Apple (AAPL) quarterly earnings beat analysts’ estimate

Market news

30 January 2019

Company News: Apple (AAPL) quarterly earnings beat analysts’ estimate

Apple (AAPL) reported Q1 FY 2019 earnings of $4.18 per share (versus $3.89 in Q1 FY 2018), beating analysts’ consensus estimate of $4.17.

The company’s quarterly revenues amounted to $84.310 bln (-4.5% y/y), generally in line with analysts’ consensus estimate of $83.999 bln.

The company also issued guidance for Q2 FY 2019, projecting revenues of $55-59 bln versus analysts’ consensus estimate of $58.97 bln.

AAPL rose to $162.90 (+5.31%) in pre-market trading.

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