Apple beats third-quarter expectations with $7.8-billion profit - News Summed Up

Apple beats third-quarter expectations with $7.8-billion profit


The results exceeded Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share. Analysts surveyed by Zacks had expected revenue of $45.91 billion. Nine analysts surveyed by Zacks expected $41.85 billion. CUPERTINO, CALIF.—Apple Inc. on Tuesday reported fiscal third-quarter profit of $7.8 billion (U.S.).


Source: thestar July 26, 2016 23:37 UTC



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