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



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Investing.com – 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 investing.com 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 Briefing.com. 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 investing.com profit.

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