Apple posted good earnings and profit in the last quarter
Apple on Thursday disclosed financial gains from last-quarter
earnings that beat Wall Street's assumptions for deals and gains,
though growth showed easing for the iPhone maker.
Apple stock rose more than 3% on the extended exchange.
Here are the key numbers contrary to what Wall Street is expecting, per Refinitiv Gauge:
EPS: Valuation of $1.20 versus $1.16, down 8% year-over-year
Earnings: $83 billion versus $82.81 billion valuation, up 2% year-over-year
iPhone revenue: $40.67 billion versus $38.33 billion valuation, up 3% year-over-year
Administration Income: $19.60 billion versus $19.70 billion
valuation, up 12% year-over-year
Various product earnings: $8.08 billion versus $8.86 billion valuation, up 8% year-over-year
Macintosh earnings: $7.38 billion versus $8.70 billion valuation, up 10% year-over-year
iPad Revenue: $7.22 billion versus $6.94 billion valuation, down 2% year-on-year
Gross Gain: 43.26% vs. 42.61% rated
Apple did not give a formal direction to the quarter. Examiners
estimated that the organization should give last quarter direction of
$1.31 in profit per share and about $90 billion in deals.
Apple CEO Tim Cook told CNBC's Steve Kovach: "As far as the
overall outlook, we anticipate earnings to pick up sharply in the September quarter."
Apple's earnings grew 2% during the quarter, as opposed to 36%
growth during the same period last year and more than 8% growth in
the March quarter. Cook said the results were surprisingly good and
CFO Luca Maestri said it was a "tested working environment".