Investing.com - Apple reported second quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $2.46 on revenue of $58.02B. Analysts polled by Investing.com expected EPS of $2.37 on revenue of $57.58B. That compared to EPS of $2.73 on revenue of $61.14B in the same period a year earlier. The company had reported EPS of $4.18 on revenue of $84.31B in the previous quarter.
For the year, Apple shares (NASDAQ:AAPL) are up 27.22%, outperforming the S&P 500 which is up 18.93% year to date.
Apple follows other major Technology sector earnings this month
On Wednesday, April 24, 2019, Microsoft reported third quarter EPS of $1.14 on revenue of $30.57B, compared to forecasts of EPS of $1 on revenue of $29.88B.
Facebook earnings missed analyst's expectations on Wednesday, April 24, 2019, with first quarter EPS of $0.85 on revenue of $15.08B. Investing.com analysts expected EPS of $1.62 on revenue of $14.98B
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