Back

Apple Reports EPS of $2.01 and Revenue of $111.1 Billion, Beating Estimates

The company posted earnings per share above the $1.93 estimate and revenue above the $108.9 billion consensus, indicating stronger-than-expected quarterly results.

Summary

Apple reported earnings per share of $2.01, exceeding the estimated $1.93, while revenue reached $111.1 billion, above the $108.9 billion forecast. The results show the company outperformed market expectations on both profit and sales in the reported quarter.

Terms & Concepts
  • Earnings per share: A company’s net profit divided by its outstanding shares, used to measure profitability on a per-share basis.
  • Revenue: The total income generated from a company’s business operations before expenses are deducted.
  • Estimate: A consensus forecast from analysts that serves as a benchmark for comparing reported financial results.