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Apple Posts Quarterly EPS of $2.84, Exceeding Analyst Estimates

The company reported $143.8 billion in revenue against expectations of $137.5 billion, signaling stronger-than-expected performance.

Summary

Apple reported quarterly earnings per share (EPS) of $2.84, surpassing the estimated $2.67. Revenue reached $143.8 billion, beating forecasts of $137.5 billion. These results indicate robust demand and better-than-expected financial performance for the tech giant.

Terms & Concepts
  • Earnings Per Share (EPS): A measure of a company's profitability, calculated by dividing net income by the number of outstanding shares.
  • Revenue: Total income generated by a company from its business activities during a specific period.