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Apple, Beats at the top and bottom lines; Stocks Climb As

[ad_1] – Apple reported fiscal second quarter that beat analysts' expectations on Tuesday and earnings that topped forecasts.

The company reported earnings per share of $ 2.46 on revenue of $ 58020000000. Analysts polled expected EPS of $ 2.37 on revenue of $ 57580000000. This compared with a share of $ 2.73 on revenue of $ 61.14 billion in the same period a year earlier.

Shares of Apple (NASDAQ 🙂 added 4% in trading after the close after the report. If the price of $ 211.25 is holding on Wednesday, Apple's market capitalization will exceed $ 1 trillion for the first time since November 2. Microsoft (NASDAQ 🙂 had its first closing with a market capitalization of $ 1 trillion on Tuesday after a brief topping $ 1 trillion twice in the last week,

Income Apple iPhone fell by 18% compared to the same period last year to $ 31 billion, in line with expectations, according to Services revenue jumped 24% to $ 11.4 billion, and in line with expectations.

For its third fiscal quarter, Apple expects revenue of $ 52.5 billion to $ 54.5 billion, compared with a consensus forecast of $ 52.09 billion, compiled by S & P Capital IQ.

Apple, also raised its quarterly dividend to 77 cents per share from 73 cents per share.

Stay informed of all upcoming earnings reports by visiting the calendar profit.

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