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
These fast-food stocks can strengthen your portfolio this year. Here’s why
For American restaurant chains, the early months of the pandemic were a challenging period. But soon things changed for the better as people started ordering their favorite food items online
What to expect when McCormick & Company (MKC) reports Q1 results next week
Shares of McCormick & Company, Incorporated (NYSE: MKC) were up over 2% on Friday. The stock has dropped 12% year-to-date. The condiments manufacturer is scheduled to report its first quarter 2023
KB Home (KBH) Earnings: 1Q23 Key Numbers
KB Home (NYSE: KBH) reported total revenues of $1.38 billion for the first quarter of 2023 which was relatively flat compared to the same period last year. Net income of
