Apple Inc reports results for the quarter ended in September 30 - Earnings Summary
Apple Inc AAPL.OQ reported quarterly adjusted earnings of $1.64 per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $1.46. The mean expectation of twenty eight analysts for the quarter was for earnings of $1.60 per share. Wall Street expected results to range from $1.53 to $1.66 per share.
Revenue rose 6.1% to $94.93 billion from a year ago; analysts expected $94.58 billion.
Apple Inc's reported EPS for the quarter was 97 cents.
The company reported quarterly net income of $14.74 billion.
Apple Inc shares had fallen by 1.2% this quarter and gained 19.5% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 0.7% in the last three months.
In the last 30 days, two analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 35 "strong buy" or "buy," 11 "hold" and 2 "sell" or "strong sell."
The average consensus recommendation for the phones & handheld devices peer group is also "buy"
Wall Street's median 12-month price target for Apple Inc is $241.00
This summary was machine generated from LSEG data November 1 at 03:12 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Sep. 30 2024 | 1.60 | 1.64 | Beat |
Jun. 30 2024 | 1.35 | 1.40 | Beat |
Mar. 31 2024 | 1.50 | 1.53 | Beat |
Dec. 31 2023 | 2.10 | 2.18 | Beat |
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