Apple Q2 earnings: Key takeaways

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Dan Howley News

Apple,Quarter Expectations

Apple (AAPL) shares are rising in after-hours trading after topping Wall Street's second quarter expectations. Yahoo Finance Technology Editor Dan Howley...

Howley highlights key successes such as an all-time services revenue high, coming in at $23.87 billion, up from $20.91 billion. Mac also performed higher than anticipated, totaling $7.45 billion from its previous $6.79 billion. China's sales still lag, but they came in at $16.37 billion, higher than the Street's anticipated $15.87 billion.

While the iPhone, iPad, and wearables missed expectations this quarter, Apple stock received a boost after the company announced an increased dividend to $0.25 per share alongside the authorization of $110 billion for share repurchases. -- Advanced Micro Devices Inc. shares declined as much as 8.1% after the chipmaker gave a disappointing forecast for artificial intelligence processors, a lucrative market now dominated by Nvidia Corp.

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TORONTO — Canada’s financial-crime watchdog has levied a $9.2-million penalty against The Toronto-Dominion Bank for non-compliance with money laundering and terrorist financing measures as the bank also faces compliance investigations in the U.S. The penalty by the Financial Transactions and Reports Analysis Centre of Canada, or Fintrac, comes after it imposed a $7.5-million fine against RBC and a $1.3-million fine against CIBC, both of which were announced in December.

 

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