Categories AlphaGraphs, Earnings, Technology
AAPL Earnings: Apple Q2 revenue up 9%; profit beats Street view
Apple Inc. (NASDAQ: AAPL) on Thursday said its second-quarter revenue and earnings increased, mainly reflecting strong sales of iPhone and continued growth of the Services segment. The results also topped the market’s expectations.
Second-quarter revenues of the Cupertino-based gadget giant rose 9% from last year to $97.3 billion, aided by a 5% increase in the sales of iPhone. The top-line beat the consensus estimates.
In the March quarter, net profit moved up to $25.0 billion or $1.52 per share from $23.6 billion or $1.40 per share in the second quarter of 2021. It was above Wall Street’s expectations.
Check this space to read management/analysts’ comments on Apple’s Q2 2022 results
Apple’s stock has lost about 10% 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
Tyson Foods (TSN) Q1 2023 Earnings: Key financials and quarterly highlights
Tyson Foods Inc. (NYSE: TSN) reported first quarter 2023 earnings results today. Sales rose 2.5% year-over-year to $13.2 billion. Net income attributable to Tyson was $316 million, or $0.88 per
After weak start to 2023, Apple (AAPL) sees some bright spots
Apple Inc. (NASDAQ: AAPL) this week reported its first revenue decline in more than three years, even as the high inflation continues to squeeze customers’ spending power. Sales of the
Earnings: Qualcomm (QCOM) Q1 profit falls on lower revenues
Chipmaker Qualcomm, Inc. (NASDAQ: QCOM) has reported lower earnings and revenues for the first quarter of 2023. The company also provided guidance for the second quarter of 2023. At $9.5