Apple (AAPL) delivered earnings and revenue surprises of 1.32% and 0.85%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?...
Continue ReadingApple shares were gaining ground in late trading Thursday after the company posted March quarter results that weren’t as bad as the market had feared. For the March quarter, Apple posted revenue of $90.8 billion, down 4% from a year ago, and slightly above the Wall Street consensus forecast as tracked by FactSet of $90.5 billion. The company said it expects to return to modest revenue growth in the June quarter...
Continue ReadingParamount's exclusivity window with Skydance expires on Friday...
Continue ReadingThe stock may offer significant upside as management continues to squeeze higher margins out of the retail business...
Continue ReadingApple (AAPL) stock is getting a bump higher after topping its fiscal second-quarter earnings estimates. The tech giant posted adjusted earnings per share of $1.53 (beating expectation of $1.50) and revenue of $90.75 billion (just slightly above estimates of $90.33 billion estimate). Facing challenges in China's consumer market, iPhone sales notably declined 10% annually. Maxim Group Managing Director and Senior Consumer Internet Analyst Tom Forte joins Yahoo Finance to discuss Apple's earnings results and its opportunities to find consistent revenue streams outside of its landmark iPhone devices. "Apple needs to have a better narrative as it pertains to its AI plans, both to sell its smartphones, the next generation of iPhones, and also to sell its stock," Forte says. "I think that anything Apple can say right now on its AI plans and generative AI could be a boost even if it won't materially move smartphone sales for the company." For more expert insight and the latest market action, click here to watch this full episode. This post was written by Luke Carberry Mogan...
Continue ReadingConsumer electronics giant Apple narrowly beat Wall Street's estimates for its fiscal second quarter. Apple stock rose on the news...
Continue Reading(Bloomberg) -- Apple Inc. shares jumped in late trading after the company posted stronger-than-expected sales last quarter and predicted a return to growth in the current period, sparking optimism that a slowdown is easing. Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineHuawei Secretly Backs US Research, Awarding Millions in PrizesBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaTurkey Confirms All Trade Halt With Israel Over War in GazaUS and Sa...
Continue ReadingApple (AAPL) shares are rising in after-hours trading after topping Wall Street's second quarter expectations. Yahoo Finance Technology Editor Dan Howley breaks down the tech giant's earnings report. Howley highlights key successes such as an all-time services revenue high, coming in at $23.87 billion, up from $20.91 billion. Mac also performed higher than anticipated, totaling $7.45 billion from its previous $6.79 billion. China's sales still lag, but they came in at $16.37 billion, higher than the Street's anticipated $15.87 billion. While the iPhone, iPad, and wearables missed expectations this quarter, Apple stock received a boost after the company announced an increased dividend to $0.25 per share alongside the authorization of $110 billion for share repurchases. For more expert insight and the latest market action, click here to watch this full episode. This post was written by Melanie Riehl...
Continue ReadingApple Posts Surprise Gain in Quarterly Earnings, Boosts Share Buyback by $110 Billion...
Continue ReadingThe iPhone maker authorized $110 billion in share buybacks and forecast a return to revenue growth in the current quarter...
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