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Apple (AAPL) Tops Q4 EPS by 19c, Services Revenue Rises 18%

October 30, 2019 4:30 PM

(Updated - October 30, 2019 4:33 PM EDT)

Apple (NASDAQ: AAPL) reported Q4 EPS of $3.03, $0.19 better than the analyst estimate of $2.84. Revenue for the quarter came in at $64 billion versus the consensus estimate of $62.99 billion.

Services Revenue Reaches All-Time High of $12.5 Billion.

“We concluded a groundbreaking fiscal 2019 with our highest Q4 revenue ever, fueled by accelerating growth from Services, Wearables and iPad,” said Tim Cook, Apple’s CEO. “With customers and reviewers raving about the new generation of iPhones, today’s debut of new, noise-cancelling AirPods Pro, the hotly-anticipated arrival of Apple TV+ just two days away, and our best lineup of products and services ever, we’re very optimistic about what the holiday quarter has in store.”

“Our strong business performance drove record Q4 EPS of $3.03 and record Q4 operating cash flow of $19.9 billion,” said Luca Maestri, Apple’s CFO. “We also returned over $21 billion to shareholders, including almost $18 billion in share repurchases and $3.5 billion in dividends and equivalents, as we continue on our path to reaching a net cash neutral position over time.”

GUIDANCE:

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

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