FX.co ★ Apple Inc. Bottom Line Advances In Q1, Beats Estimates

In its first-quarter financial results, Apple Inc. (AAPL) reported a significant increase in profit compared to the same period last year, surpassing Wall Street's expectations. The tech giant posted earnings of $36.33 billion, which translates to $2.40 per share, compared to $33.916 billion or $2.18 per share the previous year. This performance exceeded the average analyst forecast, which anticipated earnings of $2.34 per share, not accounting for special items. Additionally, Apple saw a revenue growth of 4.0%, reaching $124.3 billion, up from $119.575 billion the prior year.

A closer look at Apple Inc.'s earnings highlights (GAAP basis):

- Earnings: $36.33 billion, compared to $33.916 billion last year.

- Earnings Per Share (EPS): $2.40, up from $2.18 last year.

- Revenue: $124.3 billion, an increase from $119.575 billion last year.