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
€207.10
-0.120%
Currently there is a rather positive sentiment for Apple Inc. with 148 Buy predictions and 17 Sell predictions.
With a target price of 227 € there is a slightly positive potential of 9.61% for Apple Inc. compared to the current price of 207.1 €.
