Cupertino (California, USA), Jan. 31 (LaPresse/AP) – Apple closed the first quarter of its fiscal year with profits totaling $36.33 billion. The Cupertino, California-based company reported earnings per share of $2.40.
The results exceeded Wall Street expectations: the average estimate of 11 analysts surveyed by Zacks Investment Research had projected earnings of $2.36 per share.
The iPhone, iPad, and tech product manufacturer reported revenue of $124.3 billion for the period, also surpassing Wall Street forecasts. Nine analysts surveyed by Zacks had expected $124 billion in revenue.