AP NEWS

Apple: Fiscal 3Q Earnings Snapshot

July 30, 2019

CUPERTINO, Calif. (AP) _ Apple Inc. (AAPL) on Tuesday reported fiscal third-quarter earnings of $10.04 billion.

On a per-share basis, the Cupertino, California-based company said it had profit of $2.18.

The results surpassed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $2.10 per share.

The maker of iPhones, iPads and other products posted revenue of $53.81 billion in the period, also beating Street forecasts. Eleven analysts surveyed by Zacks expected $53.31 billion.

Apple expects full-year revenue in the range of $61 billion to $64 billion.

Apple shares have climbed 32% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 20%. In the final minutes of trading on Tuesday, shares hit $208.78, an increase of nearly 10% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AAPL at https://www.zacks.com/ap/AAPL