Earnings

Apple (AAPL) earnings Q4 2019

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Apple reported fourth-quarter earnings that beat analyst expectations on Wednesday, thanks to strong performance in services and its fast-growing wearables business.

Although Apple’s iPhone’s business was down 9% year-over-year, the company signaled that it expected a big holiday quarter, and Apple stock rose over 1% in after-hours trading

Here’s how the company did compared with Refinitiv consensus estimates:

  • Revenue: $64 billion vs. $62.99 billion estimate.
  • EPS: $3.03 vs. $2.84 estimate.
  • Q1 revenue guidance: $85.5 billion to $89.5 billion vs. $86.92 billion estimate.
  • iPhone revenue: $33.36 billion vs. $32.42 billion estimate.
  • Services revenue: $12.51 billion vs. $12.15 billion…



Source cnbc.com

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