Apple's earnings top estimates: YOLO or FOMO?
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Apple (AAPL) Dips More Than Broader Markets: What You Should Know
In the latest trading session, $Apple(AAPL.US)$ closed at $179.70, marking a -1.27% move from the previous day. This move lagged the S&P 500's daily loss of 0.06%. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, lost 0.3%.
Prior to today's trading, shares of the maker of iPhones, iPads and other products had gained 10.1% over the past month. This has outpaced the Computer and Technology sector's gain of 4.06% and the S&P 500's gain of 5.76% in that time.
Investors will be hoping for strength from $Apple(AAPL.US)$ as it approaches its next earnings release. The company is expected to report EPS of $1.89, up 12.5% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $118.36 billion, up 6.21% from the year-ago period.
Analysts are expecting earnings of $5.82 per share and revenue of $385.33 billion. These totals would mark changes of +3.74% and +5.33%, respectively, from last year.
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