Apple have destroyed market expectations in its quarterly earnings report and the stock has rallied 7.8% in the after-market
Chris Weston
Pepperstone
Apple have destroyed market expectations in its quarterly earnings report and the stock has rallied 7.8% in the after-market. Q2 EPS came out at $11.62, a modest 14% above expectations. Gross margins at 39.3% were better, while revenue was also much better. The company have announced a seven for one stock split and also boosted its buyback to $90 billion. One thing the market has picked up on is that Q3 revenue projections (at $36 to 38 billion) are in-line with market expectations, while its cash pile has fallen $8 billion to $151 billion - the first drop here since 2011.
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Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market price action and advise on actionable trade ideas and investments in multiple asset classes.
Chris Weston
Head of Research
Pepperstone
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...
Expertise
Chris Weston
Head of Research
Pepperstone
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...
Expertise
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