Apple posts stronger-than-expected Q2 results but stocks slides after-hours
By MICHAEL LIEDTKE and BARBARA ORTUTAY
Apple’s revenue for the fiscal second quarter topped Wall Street’s expectations, but investors are waiting to hear what CEO Tim Cook has to say about the impact of President Donald Trump’s tariffs and economic uncertainty on its business.
Related Articles
-
Amazon posts solid first quarter earnings growth, but outlook is tempered by tariff uncertainty -
People on the move -
Recent Central Florida bankruptcies -
She’s in charge: At the F1 Miami Grand Prix, many top executive roles are held by women -
Cheap parcels from China will no longer be duty-free. Here’s what it means for buyers and sellers
The Cupertino, California-based company earned $24.78 billion, or $1.65 per share, in the first three months of the year, up 4.8% from $23.64 billion, or $1.53 per share, in the same period a year earlier.
Revenue rose 5.1% to $95.36 billion from $90.75 billion.
Analysts, on average, were expecting earnings of $1.62 per share on revenue of $94.19 billion, according to a poll by FactSet.