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Apple AAPL reported its Q3 earnings results on Thursday, July 28, 2022 at 04:30 PM.
Here’s what investors need to know about the announcement.
Earnings
Apple beat estimated earnings by 3.45%, reporting an EPS of $1.2 versus an estimate of $1.16.
Revenue was up $1.52 billion from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.09 which was followed by a 3.66% drop in the share price the next day.
Here’s a look at Apple’s past performance:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.43 | 1.88 | 1.24 | 1 |
| EPS Actual | 1.52 | 2.10 | 1.24 | 1.3 |
| Revenue Estimate | 93.89B | 118.28B | 84.85B | 72.93B |
| Revenue Actual | 97.28B | 123.94B | 83.36B | 81.43B |
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.43 | 1.88 | 1.24 | 1 |
| EPS Actual | 1.52 | 2.10 | 1.24 | 1.3 |
| Revenue Estimate | 93.89B | 118.28B | 84.85B | 72.93B |
| Revenue Actual | 97.28B | 123.94B | 83.36B | 81.43B |
To track all earnings releases for Apple visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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Image and article originally from www.benzinga.com. Read the original article here.