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

Market news

29 January 2020

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

Apple (AAPL) reported Q1 FY 2020 earnings of $4.99 per share (versus $4.18 per share in Q1 FY 2019), beating analysts' consensus estimate of $4.54 per share.

The company's quarterly revenues amounted to $91.800 bln (+8.9% y/y), beating analysts' consensus estimate of $88.405 bln.

The company also issued upside guidance for Q2 FY 2020, projecting revenues of $63.0-67.0 bln versus analysts' consensus estimate of $62.3 bln.

AAPL rose to $323.30 (+1.77%) in pre-market trading.

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