Dow Jones News: Apple Breaks Records; Boeing Burns Cash
The Dow Jones Industrial Average (DJINDICES: ^DJI) rose Wednesday morning, up 0.29% by 10:35 a.m. EST. A strong earnings report from Apple (NASDAQ: AAPL) helped boost the index despite a backdrop of worsening headlines about the coronavirus outbreak in China.
Also helping the Dow on Wednesday was Boeing (NYSE: BA). Its fourth-quarter results were downright awful, but investors may have been bracing for even worse news.
Apple produced revenue of $91.8 billion in its fiscal first quarter. That's up 9% year over year and an all-time record for the tech giant. It's also more than $3 billion higher than analysts were expecting. The bottom line was also strong, with earnings per share up 19% to $4.99. EPS beat analyst estimates by $0.45. Apple stock was up 2.2% Wednesday morning.
Source Fool.com
