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Apple (AAPL) Tops Q1 EPS by 46c, Sales Beat

January 27, 2015 4:30 PM

(Updated - January 27, 2015 4:34 PM EST)

Apple (NASDAQ: AAPL) reported Q1 EPS of $3.06, $0.46 better than the analyst estimate of $2.60. Revenue for the quarter came in at $74.6 billion versus the consensus estimate of $67.69 billion.

The company's iPhone unit sales of 74.5 million also set a new record. The Street consensus called for iPhone sales of 66 million units for the quarter.

"We’d like to thank our customers for an incredible quarter, which saw demand for Apple products soar to an all-time high," said Tim Cook, Apple’s CEO. "Our revenue grew 30 percent over last year to $74.6 billion, and the execution by our teams to achieve these results was simply phenomenal."

“Our exceptional results produced EPS growth of 48 percent over last year, and $33.7 billion in operating cash flow during the quarter, an all-time record,” said Luca Maestri, Apple’s CFO. “We spent over $8 billion on our capital return program, bringing total returns to investors to almost $103 billion, over $57 billion of which occurred in just the last 12 months.”

Apple is providing the following guidance for its fiscal 2015 second quarter:

For earnings history and earnings-related data on Apple (AAPL) click here.

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