Apple Inc reports results for the quarter ended March 31 - Earnings Summary

• Apple Inc AAPL.OQ reported quarterly adjusted earnings of $1.65​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.53. The mean expectation of thirty analysts for the quarter was for earnings of $1.63 per share. Wall Street expected results to range from $1.56 to $1.67 per share.

• Revenue rose 5.1% to $95.36 billion from a year ago; analysts expected $94.68 billion.

• Apple Inc's reported EPS for the quarter was $1.65​.

• The company reported quarterly net income of $24.78 billion.

• Apple Inc shares had fallen by 4.3% this quarter and lost 15.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.6% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 34 "strong buy" or "buy," 13 "hold" and 3 "sell" or "strong sell." The average consensus recommendation for the phones & handheld devices peer group is also "buy"

• Wall Street's median 12-month price target for Apple Inc is $245.00

This summary was machine generated from LSEG data May 2 at 04:20 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)