Apple Stock Earnings & Earnings Missed Expectations in Q4

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Apple reported earnings per share (EPS) for the fourth quarter that beat analyst expectations on Thursday and revenue missed estimates.

Earnings per Share (EPS) or net income per share is the net profit of the company divided by the number of shares issued by the company.

The company reported earnings per share of $1.24 and revenue of $83.36B. The EPS survey of analysts is expected to match the released forecast of $1.23 on a profit of $84.85B.

Apple shares fell 4.26% to trade at $146.07 in after-hours trading following the report.

For the year, Apple shares are up 14%, below the Nasdaq 100’s 22% gain in the year to date.

Apple Follows Other Financial Reports from the Technology Sector This Month

On Tuesday, Alphabet C reported a third EPS of $27.99 on revenue of $65.12B, compared to forecasts of EPS of $23.84 and revenue of $63.47B.

Facebook’s financial performance report topped analyst expectations on Monday, with a third EPS of $3.22 and a profit of $29.01B. analysts expect EPS of $3.19 and earnings of $29.58B

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