Apple Q3 EPS $1.26 Beats $1.19 Estimate, Sales $81.80B Beat $81.36B Estimate
Portfolio Pulse from Benzinga Newsdesk
Apple has reported Q3 earnings of $1.26 per share, beating the analyst consensus estimate of $1.19 by 5.88 percent. This is a 5 percent increase from the same period last year. The company also reported quarterly sales of $81.80 billion, beating the analyst consensus estimate of $81.36 billion by 0.54 percent, although this is a 1.40 percent decrease from the same period last year.
August 04, 2023 | 2:24 pm
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POSITIVE IMPACT
Apple's Q3 earnings and sales have surpassed analyst estimates. However, there is a slight decrease in sales compared to the same period last year.
Apple's earnings beat is a positive signal for investors, indicating strong financial performance. However, the slight decrease in sales YoY might be a concern for some investors, potentially indicating a slowdown in growth. Overall, the news is likely to have a positive impact on Apple's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100