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<Results>Apple 4FQ Results Beat; Cook Anticipates Rev. to Grow at Least 10% This Qtr; Shares Up 3%+ After Hrs
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Apple Inc. (AAPL.US) announced its 4FQ revenue hiked by 8% YoY, reaching a new high of US$102.5 billion, surpassing market expectations of US$102.2 billion. Adjusted EPS equaled US$1.85, also topping expectations of US$1.77, thanks to record-breaking iPhone quarterly revenue and service business revenue. Apple CEO Tim Cook reportedly stated that the iPhone 17 devices launched in September were warmly received, beating expectations. He anticipated total revenue for this quarter will grow by 10-12% YoY and set a new record, with iPhone revenue achieving double-digit growth, outperforming analyst expectations. Apple's stock price leaped over 3% in after-hours trading. Apple's board announced a cash dividend of US$0.26 per common share. AASTOCKS Financial News Website: www.aastocks.com |
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