Plus   Neg

Apple Inc. Earnings Retreat In Q2

Apple Inc. (AAPL) announced a profit for second quarter that decreased from the same period last year.

The company's profit totaled $11.56 billion, or $2.46 per share. This compares with $13.82 billion, or $2.73 per share, in last year's second quarter.

Analysts had expected the company to earn $2.36 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 5.1% to $58.02 billion from $61.14 billion last year.

Apple Inc. earnings at a glance:

-Earnings (Q2): $11.56 Bln. vs. $13.82 Bln. last year.
-EPS (Q2): $2.46 vs. $2.73 last year.
-Analysts Estimate: $2.36
-Revenue (Q2): $58.02 Bln vs. $61.14 Bln last year.

Full year revenue guidance: $52.5 - $54.5 Bln

For comments and feedback contact: editorial@rttnews.com

Follow RTT