Apple 1Q 2019 earnings
- EPS $4.99 vs $4.54 estimate
- Revenues $91.8 billion vs. $88.40 billion estimate
- service revenue $12.72 billion versus estimate of $12.98 billion
- sees a 2nd quarter revenue of $63.0 billion to $67.0 billion versus estimate of $62.33 billion
- iPhone revenues $55.96 billion versus estimate $51.5 billion
- first-quarter wearables and home accessories $10.01 billion versus estimate $9.51 billion
- Apple sees a 2nd quarter gross margins 38% to 39% versus estimate of 38.1%
- Apple active install base hits 1.5 billion
- Mac revenue $7.2 billion versus 7.15 billion estimate
- iPad revenues $5.98 billion versus $6.7 billion estimate
Apple shares close the session at $317.69. It is currently trading at $327.25 in after-hours trading. That is a new record high.
Tim Cook will talk about the supply chain issues as a result of the China coronavirus in his call.
In after hours volatile trading the stock is trading at
Tomorrow, Tesla, McDonald's, Microsoft, Boeing, and Facebook report earnings. On Thursday, UPS, Amazon, Coca-Cola, Electronic Arts, and Biogen will release.