Tuesday, July 26, 2016

Apple beats earnings expectations by a mile, and its stock is soaring

SAN FRANCISCO, CA - OCTOBER 22: Apple CEO Tim Cook speaks during an Apple announcement at the Yerba Buena Center for the Arts on October 22, 2013 in San Francisco, California. The tech giant announced its new iPad Air, a new iPad mini with Retina display, OS X Mavericks and highlighted its Mac Pro. (Photo by Justin Sullivan/Getty Images) Apple needed a breakout quarter after its last whiff, and boy did it get one. The company reported revenue of $42.4 billion and earnings of $1.42 per share. Analysts were expecting earnings of $1.38 per share on revenue of $42.09 billion. As a result the company added tens of billions of value back to its share price, which rose 5% in extended trading. That’s still a down quarter… Read More

from Apple – TechCrunch http://ift.tt/2auZwNV

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