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Apple's stock rises post announcement of better than expected revenue

  • Thread starter iDJ
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iDJ

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Today after the bell, Apple reported the results of the first quarter of its fiscal 2020. The company’s revenue totaled $91.8 billion, far ahead of expectations of $88.43 billion. At the same time, the company’s per-share profit of $4.99 was greater than the market-anticipated figure of $4.54 per share.

In immediate trading following the news, Apple’s stock is up several points. The company’s shares have traded at all-time highs in recent months, matching the northward march of many other technology companies’ equity.

Apple shares rise after company reports better-than-expected revenue of $91.8B – TechCrunch
 
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