Investing.com - Apple reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Apple announced earnings per share of $1.52 on revenue of $97.28B. Analysts polled by Investing.com anticipated EPS of $1.43 on revenue of $94.15B.
Apple shares are down 7% from the beginning of the year , still down 10.55% from its 52 week high of $182.94 set on Tuesday, January 4, 2022. They are outperforming the Nasdaq which is down 17.73% year to date.
Apple shares gained 2.12% in after-hours trade the report.
Apple follows other major Information Technology sector earnings this month
Apple's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $2.22 on revenue of $49.36B, compared to forecasts EPS of $2.19 on revenue of $49.01B.
Taiwan Semiconductor had beat expectations on Thursday, April 14, 2022 with first quarter EPS of $1.35 on revenue of $16.94B, compared to forecast for EPS of $1.27 on revenue of $16.73B.
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