Investing.com – Apple reported on Thursday second quarter that beat analysts’ forecasts and revenue that topped expectations.
Apple announced earnings per share of $2.55 on revenue of $58.31B. Analysts polled by Investing.com anticipated EPS of $2.31 on revenue of $54.99B. That with comparison to EPS of $2.46 on revenue of $58.02B in the same period a year before.Apple had reported EPS of $4.99 on revenue of $91.82B in the previous quarter.Analysts are expecting EPS of $2.09 and revenue of $51.27B in the upcoming quarter.
Apple shares (NASDAQ:) are down 0% from the beginning of the year and are trading at $298.90 , down-from-52-week-high.They are outperforming the which is down 10.24% year to date.
Apple shares gained 1.74% in after-hours trade the report.
Apple follows other major Technology sector earnings this month
Apple’s report follows an earnings beat by Microsoft on Wednesday, who reported EPS of $1.4 on revenue of $35.02B, compared to forecasts EPS of $1.29 on revenue of $33.99B.
Alphabet C had missed expectations on Tuesday with first quarter EPS of $9.87 on revenue of $41.16B, compared to forecast for EPS of $10.26 on revenue of $40.99B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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