Categories AlphaGraphs, Earnings, Technology
Earnings: Apple (AAPL) Q3 sales up 2%; profit beats estimates
Apple Inc. (NASDAQ: AAPL) on Thursday said its third-quarter earnings declined despite an increase in revenues. Earnings, however, topped the market’s expectations.
Third-quarter net sales of the Cupertino-based gadget giant rose 2% from last year to $82.9 billion, aided by a 3% increase in the sales of iPhone. The top-line slightly beat the consensus estimates.
In the June quarter, net profit dropped to $19.4 billion or $1.20 per share from $21.7 billion or $1.30 per share in the third quarter of 2021. But it was above Wall Street’s expectations.
Check this space to read management/analysts’ comments on Apple’s Q3 2022 results
Apple’s stock has lost about 14% since the beginning of the year. It closed Thursday’s session higher and made further gains in the after-hours following the earnings announcement.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
QCOM Earnings: Qualcomm Q2 2024 revenue and profit beat Street view
Semiconductor company Qualcomm, Inc. (NASDAQ: QCOM) reported an increase in earnings and revenues for the second quarter of 2024. The numbers came in above analysts' estimates. At $9.39 billion, March-quarter
Key takeaways from Amazon’s Q1 2024 earnings report
Amazon.com Inc. (NASDAQ: AMZN) had an upbeat start to fiscal 2024, delivering strong growth across the business in the first three months of the year. While the cloud segment continues
Key takeaways from Pfizer’s (PFE) Q1 2024 earnings report
Shares of Pfizer Inc. (NYSE: PFE) gained over 5% on Wednesday following the company’s announcement of its first quarter 2024 earnings results. Although the top and bottom line numbers decreased