Apple Inc.'s (AAPL - Free Report) long-awaited fiscal Q3 earnings report was released Tuesday after the closing bell, with results better than expected on both top and bottom lines: earnings of $2.18 per share outpaced estimates by 8 cents, while $53.8 billion in quarterly sales improved on the estimated $53.31 billion. Revenues grew year over year, though earnings did not.iPhone sales in the quarter came in a tad light from expectations to 25.99 million units, down roughly 15% year over year. And its Services segment, bringing in $11.46 billion, was beneath the $11.7 billion expected. Yet guidance was up on stronger Wearables, and especially a surprise $9.16 billion in revenues from its Chinese market. Shares cranked up 3% almost immediately on the news.
Electronic Arts (EA - Free Report) is up 4% in late trading Tuesday following its fiscal Q4 earnings report, which saw revenues sail past quarterly estimates: $743 million versus $724.5 million in the Zacks consensus (though still down 6% from year-ago totals). Earnings also outperformed expectations, but this was due to a large one-time income tax benefit of more than $5 per share. The company cited its new Apex Legend game's success as a reason for the solid quarterly performance. For more on EA's earnings, click here.
International snack giant Mondelez (MDLZ - Free Report) met its bottom-line estimate of 57 cents per share for its Q2 report, while posting sales of $6.06 billion which surpassed the $5.97 billion analysts were looking for. Organic revenues were well ahead of the 2.8% expected, to 4.6% in the quarter. The company also raised full-year guidance as well as its quarterly dividend.
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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.
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Apple Inc.'s (AAPL - Free Report) long-awaited fiscal Q3 earnings report was released Tuesday after the closing bell, with results better than expected on both top and bottom lines: earnings of $2.18 per share outpaced estimates by 8 cents, while $53.8 billion in quarterly sales improved on the estimated $53.31 billion. Revenues grew year over year, though earnings did not.
iPhone sales in the quarter came in a tad light from expectations to 25.99 million units, down roughly 15% year over year. And its Services segment, bringing in $11.46 billion, was beneath the $11.7 billion expected. Yet guidance was up on stronger Wearables, and especially a surprise $9.16 billion in revenues from its Chinese market. Shares cranked up 3% almost immediately on the news.
Electronic Arts (EA - Free Report) is up 4% in late trading Tuesday following its fiscal Q4 earnings report, which saw revenues sail past quarterly estimates: $743 million versus $724.5 million in the Zacks consensus (though still down 6% from year-ago totals). Earnings also outperformed expectations, but this was due to a large one-time income tax benefit of more than $5 per share. The company cited its new Apex Legend game's success as a reason for the solid quarterly performance. For more on EA's earnings, click here.
International snack giant Mondelez (MDLZ - Free Report) met its bottom-line estimate of 57 cents per share for its Q2 report, while posting sales of $6.06 billion which surpassed the $5.97 billion analysts were looking for. Organic revenues were well ahead of the 2.8% expected, to 4.6% in the quarter. The company also raised full-year guidance as well as its quarterly dividend.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
See their latest picks free >>
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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