Investing.com - Apple reported third quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $2.18 on revenue of $53.81B. Analysts polled by Investing.com anticipated EPS of $2.09 on revenue of $53.3B. That compared to EPS of $2.34 on revenue of $53.27B in the same period a year earlier. The company had reported EPS of $2.46 on revenue of $58.02B in the previous quarter.
Apple shares (NASDAQ:AAPL) gained 0.25% to trade at $209.30 in after-hours trade following the report.
For the year, Apple shares are up 32.36%, outperforming the S&P 500 which is up 21.65% year to date.
Apple follows other major Technology sector earnings this month
On Thursday, July 18, 2019, Microsoft reported fourth quarter EPS of $1.37 on revenue of $33.72B, compared to forecasts of EPS of $1.21 on revenue of $32.77B.
Alphabet A earnings beat analyst's expectations on Thursday, with second quarter EPS of $14.21 on revenue of $38.94B. Investing.com analysts expected EPS of $11.1 on revenue of $38.15B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar