Wednesday, 2 May 2018

Apple’s Stock Pops On Earnings Beat, Unveils $100 Billion Share Repurchase Program

UPDATED throughout with details from the earnings call: Apple handily beat Wall Street’s expectations in its fiscal second quarter, thanks to double-digit gains in its services business, wearables and iPhone revenue. The company reported quarterly earnings per share of $2.73, up 30% from a year ago and exceeding consensus analyst estimates of $2.67. Quarterly revenue rose 16% to $61.1 billion, topping projections of $60.82 billion. Investors have worried about soft sales…

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