Apple (AAPL) Issues Strong Revenue Guidance After Q2 Earnings Beat
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowApple (AAPL) provided a revenue forecast for the current quarter that exceeds analyst expectations after reporting Q2 earnings with an EPS of $2.01, beating estimates of $1.95. Revenue was reported at $111.18 billion, surpassing the forecast of $109.66 billion, marking a 17% increase from $95.4 billion a year earlier. However, iPhone sales of $56.99 billion fell short of the $57.21 billion expected for the quarter. The company's board has authorized an additional $100 billion in stock repurchases and increased the cash dividend by 4%, reflecting strong performance despite ongoing supply chain constraints.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Apple Inc. (AAPL)
Apple designs and sells consumer electronics: the iPhone, Mac, iPad and Apple Watch. It also runs a fast-growing services business spanning the App Store, iCloud and Apple Pay.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
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