Apple reported net income of $19.442 billion in its fiscal third quarter ended June 25. Diluted earnings per share came in at $1.20, above the $1.16 forecast by analysts polled by FactSet.
The result, however, represents a drop from US$ 21.744 billion, or US$ 1.30 per share, in the same period last year. After the balance sheet, the company’s share rose 2.89% after hours in New York, at 17:45 (GMT).
The company posted record revenue in the most recent quarter of $83.0 billion, up 2% year-on-year. The company says that in its fiscal third quarter, it generated nearly $23 billion in operating cash flow, returned more than $28 billion to shareholders, and continued to invest in its long-term growth plans. The company’s board declared a dividend of $0.23 per Apple common share, to be paid on Aug. 11.
Apple’s iPhone-only sales were $40.665 billion, up from $39.570 billion previously. Service revenue rose to $19.604 billion (from $17.486 billion).
Source: CNN Brasil
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