Apple Q2 2024 GAAP EPS $1.53 Beats $1.50 Estimate, Sales $90.800B Beat $90.011B Estimate
Portfolio Pulse from Benzinga Newsdesk
Apple reported Q2 2024 earnings with a GAAP EPS of $1.53, surpassing the $1.50 estimate. Sales reached $90.800B, exceeding the $90.011B forecast but marking a 4.26% decrease from the previous year.
May 02, 2024 | 8:30 pm
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Apple's Q2 2024 earnings exceeded expectations with an EPS of $1.53 and sales of $90.800B, outperforming estimates but showing a year-over-year decline.
Apple's earnings beat typically signals positive investor sentiment, potentially leading to a short-term stock price increase. However, the year-over-year sales decline might temper some of the positive momentum.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100