Scalper1 News
Apple proved that its growth story is alive and well late Wednesday by reporting its best sales increase in five quarters and best earnings-per-share growth in six quarters, even without new products to tout. Apple (AAPL) earned $11.62 a share, up 15% from the year-earlier quarter, on sales of $45.6 billion, up nearly 5%, for its fiscal second quarter ended March 29. Analysts expected the company to earn $10.18 a share on $43.53 billion in sales. The Cupertino, Calif.-based company also announced a seven-for-one stock split, significantly increased its stock buyback program and raised its cash dividend. Apple shares were up 8% in afternoon trading on the stock market today, near 567, a four-month high. Here are five key takeaways from Apple’s March quarter financial report. 1. Emerging markets boost iPhone sales Apple sold 43.7 million iPhones in its Q2, easily exceeding Wall Street’s forecast for about 37 million units… Scalper1 News
Scalper1 News