Why Apple, Inc. Stock Jumped on Wednesday
Shares of technology giant Apple (NASDAQ: AAPL) surged as much as 6.5% on Wednesday. The move follows Apple's third-quarter earnings release after market close on Tuesday. Shares are up 5.3% at the time of this writing.
Apple's fiscal third quarter featured stronger-than-expected revenue and earnings per share. Revenue and EPS rose 7% and 17%, respectively, to $45.4 billion and $1.67. On average, analysts expected revenue of $44.9 billion and EPS of $1.57.
Image source: Apple.
Source: Fool.com
Apple Inc. Stock
€266.80
-1.610%
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