Back to top

Image: Bigstock

Apple (AAPL) Tops Q4 Earnings and Revenue Estimates

Read MoreHide Full Article

Apple (AAPL - Free Report) just released its fourth-quarter earnings results, posting earnings of $1.67 per share and revenue of $46.852 billion.

Currently, AAPL has a Zacks Rank #2 (Buy), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.

Apple:

Beat earnings estimates. The company posted earnings of $1.67 per share, just edging out our Zacks Consensus Estimate of $1.66.

Beat revenue estimates. The company saw revenue figures of $46.852 billion, beating our estimate of $46.826 billion.  

“We’re thrilled with the customer response to iPhone 7, iPhone 7 Plus and Apple Watch Series 2, as well as the incredible momentum of our Services business, where revenue grew 24 percent to set another all-time record,” said CEO Tim Cook.

Apple expects to see first-quarter revenue between $76 billion and $78 billion.

AAPL was down 2.16% to $ as of 4:50 p.m. EST in after-hours trading shortly after its earnings report was released.

Here’s a graph that looks at Apple’s latest earnings performance:

APPLE INC Price, Consensus and EPS Surprise

APPLE INC Price, Consensus and EPS Surprise | APPLE INC Quote

Apple Inc. is engaged in designing, manufacturing and marketing mobile communication and media devices, personal computers, and portable digital music players. The Company's products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and Mac OS X operating systems, iCloud, and a range of accessory, service and support offerings.

Stocks that Aren't in the News. Yet.

You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street. They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015 with a stellar average gain of +26% per year. See these high-potential stocks free >>


In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Apple Inc. (AAPL) - free report >>