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- Company News: Apple (AAPL) quarterly earnings beat analysts’ expectations
Company News: Apple (AAPL) quarterly earnings beat analysts’ expectations
Apple (AAPL) reported Q2 FY 2018 earnings of $2.73 per share (versus $2.10 in Q2 FY 2017), beating analysts' consensus estimate of $2.68.
The company's quarterly revenues amounted to $61.137 bln (+15.6% y/y), generally in-line with analysts' consensus estimate of $60.940 bln.
The company said its iPhone shipments amounted to 52.2 mln in Q2 versus analysts' consensus estimate of 52 mln and 50.8 mln in the corresponding period of the previous year.
Apple also issued upside guidance for Q3, projecting revenues of $51.5-53.5 bln (versus analysts' consensus estimate of $51.51 bln) and gross margins of 38.0-38.5% (versus analysts' consensus estimate of 38.4% and the companies year-ago result of 38.5%).
In addition, the company decided to add $100 bln to share repurchase and raise dividend 16% to $0.73/share.
AAPL rose to $174.75 (+3.34%) in pre-market trading.
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