Apple’s Earnings reporting higher, investors fuel the uplift of Nasdaq 100 Futures
Apple Reports Strong Quarterly Results
Apple’s Earnings – Financial Results
Apple, the tech giant, has reported better-than-expected quarterly results. This has caused Apple shares to gain as much as 3% in extended trading. The earnings per share came in at $1.52, which is the same as the same period of 2022. The revenue was $94.84 billion, which is a 2.5% decline in the year-over-year comparison.
Both top and bottom lines topped estimates by a wide margin. The solid execution was driven by a 1.5% iPhone sales growth. This is a sign that prospects for the consumer electronics market have not yet deteriorated materially. This allowed Apple to increase its quarterly dividend by 4.3% to 24 cents per share.
Apple’s Earnings – Investor Outlook
With Apple’s earnings in the rearview mirror, investors can breathe a sigh of relief. The world’s largest technology company has managed to deliver benign results without rocking the boat or spooking Wall Street. This may help keep the Nasdaq 100 afloat, provided the broader outlook does not worsen substantially in the near term.