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Apple (AAPL) Q2 Earnings Beat Estimates, Shares Up on Solid View [Yahoo! Finance]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
Apple AAPL reported second-quarter fiscal 2024 earnings of $1.53 per share, which beat the Zacks Consensus Estimate by 1.32% and inched up 0.7% year over year. Earnings benefited from strong expansion in services gross margin. Net sales decreased 4.3% year over year to $90.75 billion but beat the Zacks Consensus Estimate by 0.85%. Unfavorable forex hurt net sales by 140 basis points (bps). Shares were up 7.51% in pre-market trading following Apple CEO Tim Cook's positive comments on plans to expand the usage of AI in the company's devices and record $110 billion share repurchase announcement. Shares of the iPhone maker have declined 10.1% year to date, underperforming the Zacks Computer & Technology sector's return of 8.5%. Apple Inc. Price, Consensus and EPS Surprise Apple Inc. price-consensus-eps-surprise-chart | Apple Inc. Quote iPhone Sales Declines Offset By Services Growth iPhone sales decreased 10.5% from the year-ago quarter to $46 billion and accounted for 50.6
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