Apple reported fourth quarter earnings that beat analyst's expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $2.91 on revenue of $62.9B. Analysts polled by forecast EPS of $2.78 on revenue of $61.43B. That compared to EPS of $2.07 on revenue of $45.41B in the same period a year earlier. The company had reported EPS of $2.34 on revenue of $53.27B in the previous quarter.
For the year, Apple shares (NASDAQ:AAPL) are up 31.31%, outperforming the Dow 30 which is up 2.3% year to date.
Apple follows other major Technology sector earnings this month
On October 24, Microsoft (NASDAQ:MSFT) reported first quarter EPS of $1.14 on revenue of $29.08B, compared to forecasts of EPS of $0.96 on revenue of $27.88B.
Alphabet C (NASDAQ:GOOG) earnings beat analyst's expectations on October 25, with third quarter EPS of $13.06 on revenue of $33.74B. analysts expected EPS of $10.41 on revenue of $27.32B
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