FMP
Apple Reports Q3 Beat, Shares Up 3%
Jul 29, 2022 6:20 PM - Davit Kirakosyan(Last modified: Dec 19, 2023 5:49 PM)
Image credit: FMP
Apple Inc. (NASDAQ:AAPL) shares were trading more than 3% higher Friday afternoon following the company’s reported Q3 earnings results, with EPS coming in at $1.20, better than the Street estimate of $1.16. Revenue increased 2% year-over-year to $83 billion (Q3 record), compared to the Street estimate of $82.59 billion.
The company’s product segment, representing 76% of total revenue, was down 1% year-over-year. iPhone sales grew 3% year-over-year to $40.7 billion, beating the Street estimate of $38.6 billion. Mac was down 10% year-over-year on COVID-impacted primary supplier production loss in Shanghai. iPad sales were down 2% year-over-year on supply issues but sees strength in consumer, education, and enterprise.
Other Blogs
Oct 31, 2023 8:03 AM - Parth Sanghvi
FCFF vs FCFE: What's the Difference?
Free cash flow to the firm (FCFF) and free cash flow to equity (FCFE) are two of the most important metrics used in financial modeling. Both metrics measure the amount of cash that is available to a company's shareholders and creditors, but there is a key difference between the two. FCFF measures...
Nov 25, 2023 6:39 AM - Parth Sanghvi
DCF Valuation vs. Comparable Companies Analysis: Choosing the Right Valuation Method
Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...
Dec 23, 2023 2:19 AM - Parth Sanghvi
Understanding the Limitations of DCF Analysis: A Guide to Overcoming Challenges
Introduction: Discounted Cash Flow (DCF) analysis stands as a cornerstone in valuing investments, yet its efficacy is contingent upon various assumptions and methodologies. While a powerful tool, DCF analysis comes with inherent limitations and challenges that investors must acknowledge to make i...
