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

Market news

1 May 2019

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

Apple (AAPL) reported Q2 FY 2019 earnings of $2.46 per share (versus $2.73 in Q2 FY 2018), beating analysts’ consensus estimate of $2.36.

The company’s quarterly revenues amounted to $58.015 bln (-5.1% y/y), beating analysts’ consensus estimate of $57.396 bln.

The company also issued upside guidance for Q3, projecting revenues of $52.5-54.5 bln versus analysts’ consensus estimate of $52.09 bln.

AAPL rose to $212.39 (+5.84%) in pre-market trading.

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