News Formal

We're raising our price target on Apple after its big earnings beat and raise

  • 📰 CNBC
  • ⏱ Reading Time:
  • 17 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 72%

Apple Inc News

Breaking News: Markets,Markets,Investment Strategy

The consumer tech giant is as strong as ever, and we see positive catalysts ahead.

Apple did it again: Despite all the worries about China, the consumer tech giant hit back with beats on the top and bottom lines, sending shares up 6% in after-hours trading. This is why we own it. This is why we don't trade it. Apple's fiscal first quarter revenue hit $90.75 billion, down 4% from a year ago but ahead of the LSEG estimate of $90.01 billion. Earnings per share rose 1% to $1.53, a March quarter record, and exceeded the LSEG consensus estimate of $1.50. Gross margin was 46.

Tim Cook, chief executive officer of Apple Inc., arrives for opening ceremony of the new Apple Jing'an store on March 21, 2024 in Shanghai, China.did it again: Despite all the worries about China, the consumer tech giant hit back with beats on the top and bottom lines, sending shares up 6% in after-hours trading.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Apple launches special ‘Made for Business’ Apple Stores sessions for small businessesApple wants to convince small businesses and entrepreneurs that the best way to grow their ideas is by using Apple products..
Source: BGR - 🏆 234. / 63 Read more »