Apple Q1 2024 Adj EPS $2.18 Beats $2.10 Estimate
Portfolio Pulse from Benzinga Newsdesk
Apple Inc. (AAPL) reported Q1 2024 adjusted earnings per share (EPS) of $2.18, surpassing the consensus estimate of $2.10 by 3.81%. Quarterly sales reached $119.60 billion, exceeding expectations of $117.91 billion by 1.43% and marking a 2.09% increase from the previous year.
February 01, 2024 | 9:30 pm
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Apple Inc. reported higher than expected Q1 2024 earnings and sales, with an EPS of $2.18 and quarterly sales of $119.60 billion.
Apple's reported earnings and sales not only surpassed analyst expectations but also showed a year-over-year growth. This positive financial performance, especially in exceeding EPS and sales forecasts, is likely to instill investor confidence and could lead to a short-term uptick in AAPL's stock price.
CONFIDENCE 95
IMPORTANCE 90
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