- Apple posted fiscal third-quarter earnings per share of $2.02, beating the analyst consensus estimate of $1.89.
- Quarterly sales reached $109.4 billion, surpassing predictions of $108.7 billion, while gross margins of 50.1% came in ahead of the company's guidance of around 48%.
- Despite the earnings beat, Apple shares fell by 2.5% in after-hours trading, following a 15% gain over the preceding month.
Quotes
“At least part of the EPS and gross margin beat appeared to come from tariff refunds.”