Apple Inc reported a 5% rise in revenue in its fiscal third quarter to $85.8 billion, marking a record sales level for the quarter ended in June, the company said in its earnings call on Thursday.
The company’s earnings rose 11% year-on-year in the third quarter to $1.40 per share, or $21.5 billion globally.
Despite a drop in sales in China, the results beat Wall Street expectations. LSEG’s consensus estimates, cited by CNBC, were for earnings per share of $1.35 and revenue of $84.53 billion.
The iPhone company also achieved a record high in the installed base of active devices across all geographic segments.
“During the quarter, our record performance generated 11% EPS growth and nearly $29 billion of operating cash flow, enabling us to return more than $32 billion to shareholders,” said Luca Maestri, Apple’s CFO.
The company’s management declared a dividend of $0.25 per share.
The company’s CEO, Tim Cook, highlighted the continued investment in Artificial Intelligence, in a quarter marked by the launch of Apple Intelligence, a customized AI system for the iPhone, iPad and Mac computers.
After the presentation of the accounts, Apple shares appreciated 0.44% in “afterhours” trading.
Source: www.jornaldenegocios.pt
