Apple ETFs To Buy Post Blockbuster Q1 Results
Zacks Investment Research | Jan 28, 2020 10:15PM ET
After the closing bell yesterday, Apple Inc. (NASDAQ:AAPL) encouraged investors with blockbuster first-quarter fiscal 2020 results, wherein it topped both earnings and revenue estimates and offered an upbeat outlook for the ongoing quarter.
Apple Q1 Results in Focus
Earnings per share came in at $4.99, beating the Zacks Consensus Estimate by 45 cents and improving 19% from year-ago earnings. Revenues rose 9% year over year a record $91.8 billion and edged past the estimate of $88 billion. This represents the highest Q1 revenues ever, fueled by strong demand for iPhone 11 and iPhone 11 Pro models as well as accelerating growth from Services and Wearables (read: Original post
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