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
BK Earnings: Bank of New York Mellon Q3 2024 earnings climb on higher revenues
The Bank of New York Mellon Corporation (NYSE: BK) on Friday said its adjusted earnings increased in the third quarter of 2024. The financial service provider's assets under management and
BLK Earnings: BlackRock reports better-than-expected Q3 2024 results
Asset management company BlackRock, Inc. (NYSE: BLK) on Friday reported higher revenues and adjusted profit for the third quarter of 2024, which also came in above Wall Street's projections. Third-quarter
JPM Earnings: Key quarterly highlights from JPMorgan’s Q3 2024 financial results
JPMorgan Chase & Co. (NYSE: JPM) reported its third quarter 2024 earnings results today. Reported net revenue increased 7% year-over-year to $42.6 billion. Managed revenue rose 6% to $43.3 billion.
