- Company News: Apple (AAPL) quarterly earnings beat analysts’ forecast
Market news
31 July 2019
Company News: Apple (AAPL) quarterly earnings beat analysts’ forecast
Apple (AAPL) reported Q FY 2019 earnings of $2.18 per share (versus $2.34 in Q3 FY 2018), beating analysts’ consensus estimate of $2.10.
The company’s quarterly revenues amounted to $53.809. bln (+1.0% y/y), generally in line with analysts’ consensus estimate of $53.394 bln.
The company also issued upside guidance for Q4 FY 2019, projecting revenues of $61-64 bln versus analysts’ consensus estimate of $60.92 bln and gross margin of 37.5-38.5% versus analysts’ consensus estimate of 38.3% and 38.3% last year.
AAPL rose to $217.34 (+4.10%) in pre-market trading.
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