Apple Earnings, Revenue Beat in Q3
2022.07.29 01:37
Apple Earnings, Revenue Beat in Q3
Investing.com – Apple reported on Thursday third quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
Apple announced earnings per share of $1.2 on revenue of $82.96B. Analysts polled by Investing.com anticipated EPS of $1.16 on revenue of $82.59B.
Apple shares (NASDAQ:AAPL) are down 11% from the beginning of the year, still down 13.99% from its 52 week high of $182.94 set on January 4. They are under-performing the Dow Jones which is down 10.48% from the start of the year.
Apple shares gained 3.00% in after-hours trade following the report.
Apple follows other major Information Technology sector earnings this month
Apple’s report follows an earnings missed by Microsoft on Tuesday, who reported EPS of $2.23 on revenue of $51.87B, compared to forecasts EPS of $2.29 on revenue of $52.43B.
Visa A had beat expectations on Tuesday with third quarter EPS of $1.98 on revenue of $7.28B, compared to forecast for EPS of $1.74 on revenue of $7.06B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
