Investing.com – Apple announced first quarter that beat analysts’ expectations on Tuesday and revenue that topped forecasts.
The company reported earnings per share of $4.99 on revenue of $91.82B. Analysts polled by Investing.com forecast EPS of $4.54 on revenue of $88.38B. That was in comparison with EPS of $4.18 on revenue of $84.31B in the same quarter a year before. Apple had announced EPS of $3.03 on revenue of $64.04B in the prior quarter.
Analysts are expecting EPS of $2.82 and revenue of $62.42B in the upcoming quarter.
Apple stock’s are up 8.19% from the beginning of the year , still down 1.74% from its 52 week high of $323.32 set on January 24.
Apple follows other major Technology sector earnings this month
On January 21, IBM announced fourth quarter EPS of $4.71 on revenue of $21.78B, was in comparison with a forecasts for EPS of $4.69 on revenue of $21.64B.
Intel earnings beat analysts’ expectations on Thursday, with fourth quarter EPS of $1.52 on revenue of $20.21B. Investing.com analysts forecast EPS of $1.25 on revenue of $19.23B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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