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0.00174216027874561 0.00185104529616727 0.00740418118466891 0.00805749128919855 0.0079006968641115 0.00413763066202086 0.00215047909407671 -0.00016332752613241
Stock impact report

Apple Earnings Come In Hot—China Blow Less Painful Than Feared [Forbes]

Apple Inc. (AAPL) 
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
Company Research Source: Forbes
Apple CEO Tim Cook, left, greets photographers in Indonesia last month. Apple narrowly topped Wall Street's predictions in its second fiscal quarter ending March 30, with its $1.53 earnings per share beating forecasts of $1.51 and its $90.8 billion of revenue topping estimates of $90.4 billion. Its sales for the quarter were 4% lower than in 2023's comparable period and 7% lower than in 2022's. The 8% year-over-year decline in revenues out of Apple's greater China region strongly contributed to the slump, but last quarter's $16.4 billion in sales in the region shattered forecasts of $15.3 billion. Notably, Apple said it will buy back some $110 billion of its shares, its highest repurchasing effort ever in an effort to reverse dilution and bump the value of its shares, and upped its quarterly dividend to $0.25 per share. Apple reported $46 billion of revenue from iPhone sales ($46 billion forecasted) and $23.9 billion of revenue from services ($23.1 billion forecasted), its Show less Read more
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