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Apple Rallies After Company Forecasts Return to Sales Growth [Yahoo! Finance]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
Most Read from Bloomberg Saudi Arabia Steps Up Arrests Of Those Attacking Israel Online Huawei Secretly Backs US Research, Awarding Millions in Prizes Biden Calls Ally Japan ‘Xenophobic' Along With China, Russia US and Saudis Near Defense Pact Meant to Reshape Middle East Turkey Halts All Trade With Israel Over War in Gaza Revenue fell 4.3% to $90.8 billion in the fiscal second quarter, which ended March 30, the company said in a statement Thursday. That compared with an average analyst estimate of $90.3 billion. Profit in the quarter also topped Wall Street projections, and the company announced the biggest stock buyback in history. In the current period, Apple expects revenue to climb by a percentage in the low single digits, Chief Financial Officer Luca Maestri told Bloomberg Television's Emily Chang. The results came as a relief to investors, who have been waiting for the iPhone maker to pull out of a long slump. Apple has posted sales declines in five of the past
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