Edition:
United States

Apple Inc Reports Qtrly Earnings Per Share Of $2.46


Tuesday, 30 Apr 2019 04:30pm EDT 

April 30 (Reuters) - Apple Inc ::QTRLY EARNINGS PER SHARE $2.46.Q2 EARNINGS PER SHARE VIEW $2.36, REVENUE VIEW $57.37 BILLION -- REFINITIV IBES DATA.BOARD AUTHORIZED ADDITIONAL $75 BILLION FOR SHARE REPURCHASES; RETURNED OVER $27 BILLION TO SHAREHOLDERS IN QUARTER.BOARD DECLARED CASH DIVIDEND OF $0.77 PER SHARE OF COMMON STOCK, UP 5 PERCENT.SEES Q3 REVENUE BETWEEN $52.5 BILLION AND $54.5 BILLION.SEES Q3 GROSS MARGIN BETWEEN 37 PERCENT AND 38 PERCENT.QTRLY TOTAL NET SALES $58.02 BILLION VERSUS $61.14 BILLION.SEES Q3 OPERATING EXPENSES BETWEEN $8.7 BILLION AND $8.8 BILLION.Q3 REVENUE VIEW $51.93 BILLION -- REFINITIV IBES DATA.QTRLY GREATER CHINA NET SALES $10.22 BILLION VERSUS $13.02 BILLION.QTRLY IPHONE NET SALES $31.05 BILLION VERSUS $37.56 BILLION.QTRLY IPAD NET SALES $4.87 BILLION VERSUS $4.01 BILLION.QTRLY MAC NET SALES $5.51 BILLION VERSUS $5.78 BILLION.QTRLY WEARABLES, HOME AND ACCESSORIES NET SALES $5.13 BILLION VERSUS $3.94 BILLION.QTRLY GROSS MARGIN $21.82 BILLION VERSUS $23.42 BILLION.QTRLY PRODUCTS COST OF SALES $32.05 BILLION VERSUS $33.94 BILLION.QTRLY SERVICES COST OF SALES $4.15 BILLION VERSUS $3.78 BILLION.QTRLY SERVICES NET SALES $11.45 BILLION VERSUS $9.85 BILLION.CEO TIM COOK SAYS "MARCH QUARTER RESULTS SHOW THE CONTINUED STRENGTH OF OUR INSTALLED BASE OF OVER 1.4 BILLION ACTIVE DEVICES".MANAGEMENT & BOARD PLAN TO PROVIDE UPDATE ON CAPITAL RETURN PROGRAM ON ANNUAL BASIS.CFO LUCA MAESTRI SAYS "GENERATED OPERATING CASH FLOW OF $11.2 BILLION IN THE MARCH QUARTER".