News Formal

Apple earnings help market end week on high note

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 25 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 72%

Hardware News

Software,Technical Analysis,Newstrading

Apple (AAPL) stock gained nearly 6% on Friday following an earnings update that impressed most analysts.

Apple beats fiscal Q2 consensus for EPS, revenue. Sales drop 4% YoY, but guidance rises for current quarter. Largest ever buyback of $110 billion approved by board. Apple earnings drive broad market indices higher on week. Apple stock gained nearly 6% on Friday following an earnings update that impressed most analysts. Percentage-wise, Apple stock gained the most in a single session since November 10, 2022.

stock heading into the Q3 results, especially since June is when Apple is slated to deliver its artificial intelligence strategy. Wedbush Securities praised the guidance and kept its $250 price target on 100 traded for 60 times earnings, but in mid-2023 the index traded at 25 times earnings. Apple stock forecast Apple stock leapt well above the moving averages on Friday. With the 20-day, 50-day and 100-day Exponential Moving Averages structured with the shorter duration on the bottom,

 

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

 /  🏆 14. in US

United States United States Latest News, United States United States Headlines

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

Apple's market valuation soars more than $150 billion on FridayAlan, an ardent smartphone enthusiast and a veteran writer at PhoneArena since 2009, has witnessed and chronicled the transformative years of mobile technology. Owning iconic phones from the original iPhone to the iPhone 15 Pro Max, he has seen smartphones evolve into a global phenomenon.
Source: PhoneArena - 🏆 322. / 59 Read more »

Apple's market valuation soares more than $150 billion on FridayAlan, an ardent smartphone enthusiast and a veteran writer at PhoneArena since 2009, has witnessed and chronicled the transformative years of mobile technology. Owning iconic phones from the original iPhone to the iPhone 15 Pro Max, he has seen smartphones evolve into a global phenomenon.
Source: PhoneArena - 🏆 322. / 59 Read more »

Friday's analyst calls: Street reacts to Apple buybacks and Coinbase earningsThis is CNBC Pro's live coverage of Friday's analyst calls and Wall Street chatter.
Source: CNBC - 🏆 12. / 72 Read more »