Apple Earnings, Revenue Beat in Q4

Investing.com – Apple reported fourth quarter that beat analysts’ expectations on Wednesday and revenue that topped forecasts.

The firm reported earnings per share of $3.03 on revenue of $64.04B. Analysts polled by Investing.com anticipated EPS of $2.83 on revenue of $62.94B. That compared to EPS of $2.91 on revenue of $62.9B in the same period a year earlier. The company had reported EPS of $2.18 on revenue of $53.81B in the previous quarter.

Apple shares gained 2.79% to trade at $250.10 in after-hours trade following the report.

Apple follows other major Technology sector earnings this month

On October 23, Microsoft reported first quarter EPS of $1.38 on revenue of $33.06B, compared to forecasts of EPS of $1.25 on revenue of $32.15B.

Alphabet C earnings missed analysts’ expectations on Monday, with third quarter EPS of $10.12 on revenue of $40.5B. Investing.com analysts expected EPS of $12.28 on revenue of $40.3B

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