Apple smashes earnings expectations, announces 4-for-1 stock split

Apple smashes earnings expectations, announces 4-for-1 stock split

Apple Inc Thursday delivered blowout quarterly results, and said it plans to split its stock in an attempt to make it ’more accessible to a broader base of investors.’The iPhone maker reported earnings per share of $2.58 on revenue of $59.7 billion, beating expectations of $2.04 on sales of $52.2 billion. Net income came in at $11.25 billion, up from $10.04 billion last year.

David
David
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