Investing.com – Apple reported on Thursday fourth quarter that beat analysts’ forecasts and revenue that topped expectations.
Apple announced earnings per share of $0.73 on revenue of $64.70B. Analysts polled by Investing.com anticipated EPS of $0.71 on revenue of $63.98B.
Apple shares (NASDAQ:) are up 56% from the beginning of the year, still down 16.89% from its 52 week high of $137.98 set on September 2. They are outperforming the Dow Jones which is down 6.59% from the start of the year.
Apple shares lost 3.47% in after-hours trade following the report.
Apple follows other major Technology sector earnings this month
Apple’s report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $1.82 on revenue of $37.15B, compared to forecasts EPS of $1.54 on revenue of $35.76B.
Alphabet C had beat expectations on Thursday with third quarter EPS of $16.4 on revenue of $46.17B, compared to forecast for EPS of $11.3 on revenue of $42.76B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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