Suche
Mein Konto
Apple exceeds expectations: earnings per share higher than forecast
Apple shares rise: Apple beats expectations with billion-dollar share buyback. Find out more about the latest developments at Apple! #Apple #stock buyback #Technews
Apple exceeds expectations: earnings per share higher than forecast
Apple shareholders had an exciting time after the US stock market closed on Thursday. Apple reported second-quarter fiscal 2024 profit that beat analysts' expectations. Earnings per share were $1.53, higher than forecast. Revenue was $90.8 billion in the quarter, which was higher than expected. Analysts had expected $90.37 billion. In the same period last year, Apple generated sales of $94.84 billion.
Apple said it will make announcements about artificial intelligence in the coming weeks. The iGroup sees great opportunities in this area. In addition, the presentation of new iPad models is expected on May 7th. Year-over-year, Apple reported a decline in revenue due to weaker iPhone sales. For the current quarter, however, the company is forecasting a sales increase in the low single-digit percentage range. Apple expects double-digit growth, particularly in the services business and iPad tablets.
In order to reconcile investors, Apple also announced a billion-dollar share buyback of up to $110 billion. This is the largest program of its kind in the company's history. Despite the decline in sales in the last quarter, the figures show a positive development and suggest a promising financial year. Focusing on upcoming company innovations in the area of artificial intelligence could provide further positive impulses. Analysts are divided on Apple's future prospects, with some seeing an optimistic base for the current year while others take a more cautious stance.