Investing.com - Apple reported fourth quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $3.03 on revenue of $64.04B. Analysts polled by Investing.com expected EPS of $2.83 on revenue of $62.94B. That compared to EPS of $2.91 on revenue of $62.9B in the same period a year earlier. The company had reported EPS of $2.18 on revenue of $53.81B in the previous quarter.
Apple shares (NASDAQ:AAPL) gained 2.79% to trade at $250.10 in after-hours trade following the report.
Apple shares gained 2.79% to trade at $250.10 in after-hours trade following the report.
For the year, Apple shares are up 54.24%, outperforming the Dow 30 which is up 17.9% year to date.
Apple follows other major Technology sector earnings this month
On Wednesday, October 23, 2019, Microsoft reported first quarter EPS of $1.38 on revenue of $33.06B, compared to forecasts of EPS of $1.25 on revenue of $32.15B.
Alphabet C earnings missed analyst's expectations on Monday, with third quarter EPS of $10.12 on revenue of $40.5B. Investing.com analysts expected EPS of $12.28 on revenue of $40.3B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar