Where Will Apple Stock Be in 1 Year?
(NASDAQ: AAPL) posted its latest earnings report on May 2. For the second quarter of fiscal 2024 (which ended on March 31), the tech giant's revenue fell 4% year over year to $90.8 billion but exceeded analysts' estimates by $190 million. Net income dipped 2% to $23.6 billion, but the company's $43.3 billion in buybacks boosted its diluted EPS by a penny to $1.53 and cleared the consensus forecast by $0.03.
Apple's growth rates were anemic, but it boosted its quarterly dividend by 4% to $0.25 a share, which translates to a forward yield of 0.5%; and authorized a new $110 billion buyback plan, which is equivalent to 4% of its market cap.
Image source: Apple.
Source Fool.com
Apple Inc. Aktie
204,00 €
0,29 %
Leichte Kaufstimmung für Apple Inc.: Mehr Buy- als Sell-Einschätzungen.
Das Community-Kursziel von 223 € für Apple Inc. deutet auf ein leicht positives Wachstumspotenzial gegenüber 204.0 € hin.
