Apple Crushes Wall Street’s Targets With June-Quarter Results

Consumer electronics giant Apple (AAPL) late Tuesday crushed Wall Street’s targets for its fiscal third quarter. Apple stock rose in extended trading.


The Cupertino, Calif.-based company earned $1.30 a share on sales of $81.4 billion in the quarter ended June 26. Analysts expected Apple earnings of $1.01 on sales of $73.3 billion. In the year-earlier period, Apple earned 65 cents a share on sales of $59.7 billion.

In after-hours trading on the stock market today, Apple stock climbed 0.5%, near 147.50. During the regular session Tuesday, Apple stock fell 1.5% to 146.77.

On June 30, Apple stock hit a buy point of 137.17 out of a cup base, according to IBD MarketSmith charts. It notched a record high of 150 on July 15.

Earnings report details to follow.

Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.


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