Apple (AAPL) reported higher-than-expected earnings and revenues, with positive future outlook.

From Nasdaq: 2024-08-01 17:40:07

Apple (AAPL) reported quarterly earnings of $1.40 per share, surpassing the expected $1.34 per share. Revenues reached $85.78 billion, beating estimates by 1.59%. The stock has gained 15.4% this year. Analysts anticipate future outperformance for the company. Dell Technologies (DELL) is expected to release earnings on August 29, with projections of $1.27 per share and revenues of $24.06 billion. This represents a -27% year-over-year change in earnings.

Investors are urged to monitor Apple’s earnings outlook, as well as industry trends that can impact stock performance. Analysts are expecting a Zacks Rank #2 (Buy) for Apple based on favorable estimate revisions. The company is projected to earn $1.55 per share on $93.04 billion in revenues for the coming quarter and $6.61 per share on $388.42 billion in revenues for the fiscal year. The Computer – Micro Computers industry is currently ranked in the top 10% of Zacks industries. If you’re interested in potential stock gains, consider Apple and Dell among others.



Read more at Nasdaq: Apple (AAPL) Q3 Earnings and Revenues Surpass Estimates