1 Green Flag and 1 Red Flag For Apple Stock
(NASDAQ: AAPL) published its earnings results for its second fiscal quarter, which ended April 4, and its sales and earnings results that came in ahead of the market's expectations. The business recorded earnings per share of $1.52 on revenue of $94.94 billion, while the average analyst estimate had called for per-share earnings of $1.43 on sales of approximately $92.9 billion.
Apple delivered solid top- and bottom-line beats in the quarter, but revenue was actually down 2.5% compared to the prior-year period, and earnings per share were flat despite positive impacts from share buybacks and tax advantages. What comes next for the world's largest company and its stock? Read on for one green flag and one red flag to consider following the tech titan's recent earnings results.
Image source: Apple.
Source Fool.com
Apple Inc. Stock
Our community is currently high on Apple Inc. with 83 Buy predictions and 6 Sell predictions.
As a result the target price of 199 € shows a slightly positive potential of 16.99% compared to the current price of 170.1 € for Apple Inc..
