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Apple beat earnings estimates, reported $102.47B in revenue, and raised its dividend.
Apple Inc. reported stronger-than-expected fiscal second-quarter results, with earnings per share of $1.85, surpassing estimates, and revenue of $102.47 billion, up 8.7% year-over-year.
The company’s stock, trading around $269.77, has a market cap of $4 trillion and a P/E ratio of 40.94.
Apple announced a quarterly dividend of $0.26, payable November 13, yielding 0.4%.
Institutional investors hold 67.73% of shares, with several firms increasing or adjusting positions.
Senior executives sold a combined 224,300 shares over 90 days, netting $57.6 million.
Analysts maintain a “Moderate Buy” consensus with a $278.22 target.
Apple superó las estimaciones de ganancias, reportó $102.47B en ingresos, y aumentó su dividendo.