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Company News: Apple (AAPL) quarterly results solidly beat analysts’ forecasts
31.07.2020, 10:49

Company News: Apple (AAPL) quarterly results solidly beat analysts’ forecasts

Apple (AAPL) reported Q3 FY 2020 earnings of $2.58 per share (versus $2.18 per share in Q3 FY 2019), beating analysts’ consensus estimate of $2.07 per share.

The company’s quarterly revenues amounted to $59.685 bln (+10.9% y/y), beating analysts’ consensus estimate of $52.555 bln.

The company’s board of directors also approved a four-for-one stock split to make the stock more accessible to a broader base of investors.

AAPL rose to $408.50 (+6.17%) in pre-market trading.

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