Apple Rockets On Q2 Beat, Stock Split, Share Buybacks

By | April 23, 2014

Scalper1 News

Apple late Wednesday crushed Wall Street’s Q2 sales and earnings targets, and announced a seven-for-one stock split and expanded stock buyback program. 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 Q2 ending March 29. Analysts expected EPS of $10.18 a share on $43.53 billion in sales, according to the consensus estimate from Thomson Reuters. Apple’s sales growth Scalper1 News

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