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Apple (AAPL) Tops Q3 EPS by 10c

August 1, 2017 4:30 PM

(Updated - August 1, 2017 4:32 PM EDT)

Apple (NASDAQ: AAPL) reported Q3 EPS of $1.67, $0.10 better than the analyst estimate of $1.57. Revenue for the quarter came in at $45.4 billion versus the consensus estimate of $44.89 billion.

iPhone units were 41.026 million, in-line with the consensus.

“With revenue up 7 percent year-over-year, we’re happy to report our third consecutive quarter of accelerating growth and an all-time quarterly record for Services revenue,” said Tim Cook, Apple’s CEO. “We hosted an incredibly successful Worldwide Developers Conference in June, and we’re very excited about the advances in iOS, macOS, watchOS and tvOS coming this fall.”

“We reported unit and revenue growth in all our product categories in the June quarter, driving 17 percent growth in earnings per share,” said Luca Maestri, Apple’s CFO. “We also returned $11.7 billion to investors during the quarter, bringing cumulative capital returns under our program to almost $223 billion.”

Sees Q4 revenue between $49 billion and $52 billion, versus the consensus of $49.21 billion.

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


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