Investing.com – Apple reported on Thursday third quarter that beat analysts’ forecasts and revenue that topped expectations.
Apple announced earnings per share of $2.58 on revenue of $59.69B. Analysts polled by Investing.com anticipated EPS of $2.02 on revenue of $51.77B.
Apple shares (NASDAQ:) are up 31% from the beginning of the year and are trading at $389.51 , down-from-52-week-high.They are outperforming the which is up 22.7% from the start of the year.
Apple shares gained 1.23% 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 July 22, who reported EPS of $1.46 on revenue of $38.03B, compared to forecasts EPS of $1.34 on revenue of $36.54B.
Alphabet C had beat expectations on Thursday with second quarter EPS of $10.13 on revenue of $38.30B, compared to forecast for EPS of $8.04 on revenue of $37.3B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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