/Apple Reports Impressive Earnings, Boosts Its Buyback Plan, and Lifts Dividend – Barrons

Apple Reports Impressive Earnings, Boosts Its Buyback Plan, and Lifts Dividend – Barrons


Apple shares are trading higher late Wednesday after the company posted an impressive earnings and sales beat for the fiscal second quarter ended March 31.

For the quarter, Apple posted revenue of $89.6 billion, up an astonishing 54% from the $58.3 billion reported a year earlier, and $12 billion ahead of the Street consensus forecast at $77 billion. Profits were $1.40 a share, crushing the Street consensus view at 98 cents.

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