Apple shares rise after company reports better-than-expected revenue of $91.8B

Apple shares rise after company reports better-than-expected revenue of $91.8B

4 years ago
Anonymous $-riAjkQg_1

https://techcrunch.com/2020/01/28/apple-shares-rise-after-company-reports-better-than-expected-revenue-of-91-8b/

Today after the bell, Apple reported the results of the first quarter of its fiscal 2020. The company’s revenue totaled $91.8 billion, far ahead of expectations of $88.43 billion. At the same time, the company’s per-share profit of $4.99 was greater than the market-anticipated figure of $4.54 per share.

In immediate trading following the news, Apple’s stock is up several points. The company’s shares have traded at all-time highs in recent months, matching the northward march of many other technology companies’ equity.