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Apple (AAPL) Tops Q4 Earnings and Revenue Estimates

Ryan McQueeney
Updated

Apple (AAPL) just released its fourth-quarter earnings results, posting earnings of $1.67 per share and revenue of $46.852 billion.

Currently, AAPL has a Zacks Rank #2 (Buy), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.

Apple:

Beat earnings estimates. The company posted earnings of $1.67 per share, just edging out our Zacks Consensus Estimate of $1.66.

Beat revenue estimates. The company saw revenue figures of $46.852 billion, beating our estimate of $46.826 billion.  

“We’re thrilled with the customer response to iPhone 7, iPhone 7 Plus and Apple Watch Series 2, as well as the incredible momentum of our Services business, where revenue grew 24 percent to set another all-time record,” said CEO Tim Cook.

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Apple expects to see first-quarter revenue between $76 billion and $78 billion.

AAPL was down 2.16% to $ as of 4:50 p.m. EST in after-hours trading shortly after its earnings report was released.

Here’s a graph that looks at Apple’s latest earnings performance:

APPLE INC Price, Consensus and EPS Surprise

APPLE INC Price, Consensus and EPS Surprise | APPLE INC Quote

Apple Inc. is engaged in designing, manufacturing and marketing mobile communication and media devices, personal computers, and portable digital music players. The Company's products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and Mac OS X operating systems, iCloud, and a range of accessory, service and support offerings.

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