Live: Will Apple Blowout Q2 Earnings
Apple reported Q2 earnings with $111.18B revenue and $2.01 EPS, beating estimates, but shares slipped 0.5%. Investors are now focused on the company's guidance and commentary on revenue growth, gross margin, and Services performance.
Apple posted Q2 earnings with $111.18B revenue and $2.01 EPS, exceeding the $109.6B revenue and $1.94 EPS estimates. Despite beating expectations, Apple's shares fell 0.5%. The company's Q1 results had shown record $143.76B revenue, driven by $85.27B iPhone sales. Investors are now parsing CFO Kevan Parekh's qualitative guidance on revenue growth, gross margin, and operating expenses. A bullish outlook would include high-single to low-double-digit revenue growth and sustained Services growth above 13%.
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