Computer giant Apple (AAPL ) announced its first quarter results after today’s closing bell, slaughtering analyst expectations and notching a record three-month span for the company.
AAPL's Earnings in Brief
- The company reported EPS of $3.06, crushing analyst expectations of $2.60.
- Revenues came in at $74.6 billion, easily beating estimates of $67.69 billion. This marks an all-time record for revenues in a quarter for the company.
- iPhone sold 74.5 million units, another record.
- Apple noted that international sales accounted for 65% of the quarter’s overall revenue.
CEO Commentary
Tim Cook, Apple’s CEO, commented: “We’d like to thank our customers for an incredible quarter, which saw demand for Apple products soar to an all-time high. Our revenue grew 30 percent over last year to $74.6 billion, and the execution by our teams to achieve these results was simply phenomenal.”
AAPL's Dividend
AAPL declared a cash dividend of $0.47 per share, which will be paid on February 12 to investors on record on February 9.
AAPL's Performance
AAPL soared as much as 5% in after-hours trading as investors cheered on the strong results.
The Bottom Line
Apple Inc. (AAPL ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
