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Apple (AAPL) Posts Q2 Earnings Beat, iPhone Sales Dip 1%
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Apple Inc. (AAPL - Free Report) just released its second-quarter 2017 financial results, posting earnings of $2.10 per share and revenues of $52.9 billion.
Currently, AAPL is a Zacks Rank #3 (Hold), but this ranking could change based on today’s results. The stock is down 1.57% to $145.20 per share in trading shortly after its earnings report was released.
Apple:
Beat earnings estimates. The company posted earnings of $2.10, beating the Zacks Consensus Estimate of $2.02.
Beat revenue estimates. The company saw revenue figures of $52.896 billion, beating our consensus estimate of $52.614 billion.
Apple sold 50.8 million iPhones in the second quarter. This was a 1% drop from the year-ago quarter. Today’s figures came in short of our consensus estimate, which called for unit sales of 51.2 million.
Services—which includes Apple TV, AppleCare, Apple Pay, and Apple Music—grew 18% to $7.041 billion.
Apple provided guidance for its fiscal third quarter. The company now expects revenue between $43.5 billion and $45.5 billion, which is on the low end of our current consensus estimate of $45.05 billion.
Here’s a graph that looks at Apple’s latest earnings performance:
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.
Check back later for our full analysis onApple’s latest earnings report!
Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market. See these critical buys and sells free >>
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Apple (AAPL) Posts Q2 Earnings Beat, iPhone Sales Dip 1%
Apple Inc. (AAPL - Free Report) just released its second-quarter 2017 financial results, posting earnings of $2.10 per share and revenues of $52.9 billion.
Currently, AAPL is a Zacks Rank #3 (Hold), but this ranking could change based on today’s results. The stock is down 1.57% to $145.20 per share in trading shortly after its earnings report was released.
Apple:
Beat earnings estimates. The company posted earnings of $2.10, beating the Zacks Consensus Estimate of $2.02.
Beat revenue estimates. The company saw revenue figures of $52.896 billion, beating our consensus estimate of $52.614 billion.
Apple sold 50.8 million iPhones in the second quarter. This was a 1% drop from the year-ago quarter. Today’s figures came in short of our consensus estimate, which called for unit sales of 51.2 million.
Services—which includes Apple TV, AppleCare, Apple Pay, and Apple Music—grew 18% to $7.041 billion.
Apple provided guidance for its fiscal third quarter. The company now expects revenue between $43.5 billion and $45.5 billion, which is on the low end of our current consensus estimate of $45.05 billion.
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.
Check back later for our full analysis onApple’s latest earnings report!
Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market. See these critical buys and sells free >>