Apple Inc (AAPL - Free Report) reported fiscal fourth-quarter 2017 results wherein earnings per share and revenues of $2.07 and $52.6 billion easily beat the Zacks Consensus Estimate of $1.87 and $51.2 billion, respectively. On a year-over-year basis, earnings and revenues grew a respective 24% and 12%.
The blowout performance allayed investor concern, leading to a 3% increase in share price in the aftermarket session.
Steady iPhone sales (higher average selling price was a big factor) along with a spurt in Services segment and a resurgent Macs and iPad business backed the impressive results. Business in China saw massive reacceleration, jumping 12% year over year to $9.8 billion, driven by Services and Mac sales. We note that in fiscal third-quarter 2017, sales in the region had declined 10% year over year.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Apple Inc (AAPL - Free Report) reported fiscal fourth-quarter 2017 results wherein earnings per share and revenues of $2.07 and $52.6 billion easily beat the Zacks Consensus Estimate of $1.87 and $51.2 billion, respectively. On a year-over-year basis, earnings and revenues grew a respective 24% and 12%.
The blowout performance allayed investor concern, leading to a 3% increase in share price in the aftermarket session.
Steady iPhone sales (higher average selling price was a big factor) along with a spurt in Services segment and a resurgent Macs and iPad business backed the impressive results. Business in China saw massive reacceleration, jumping 12% year over year to $9.8 billion, driven by Services and Mac sales. We note that in fiscal third-quarter 2017, sales in the region had declined 10% year over year.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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