OctaFX | OctaFX Forex Broker
Open trading account

Apple quarterly earnings beat estimates

FXstreet.com (Barcelona) - Apple earning reelts are out, with the tech giant beating the revenue forecast at $43.6b vs. $42.49b. Apple sold 37.4m iPhones and 19.5m iPads. Geographically, Apple said international sales accounted for 66% of Q2 revenue.

The company also beat expectations on profit $10.07b vs. $10b. It was also reported that Apple will boost buyback by $50bn. Apple margins stood at 37.5 vs. 38.5% estimate. Apple dividend was also increased by 15%. Apple is expecting to pay back over $100 billion to shareholders by the end of 2015.

Going forward, Apple projects 3Q revenue at $33.5-$35.5 billion vs estimated $38.4 billion, while the third quarter gross margin is estimated to stay around 36%-37%. Apple trading to resume at 4:50pm ET.

Session Recap: Euro trades below 1.3000 again; USD advances

The Euro traded lower on Tuesday weighed by a bath of disappointing PMI data across China, Europe and the United States. The EUR/USD is trading below the 1.3000 after an attempt of recovery that was capped at 1.3030.
Read more Previous

New Zealand Apr 23 RBNZ Interest Rate Decision steadies at 2.5%

Read more Next
Start livechat