Why Apple, Inc. Stock Popped 10.3% in August

Shares of Apple Inc. (NASDAQ: AAPL) jumped 10.3% in the month of August, according to data provided by S&P Global Market Intelligence, after the tech juggernaut announced strong fiscal third-quarter 2017 results.

More specifically, Apple's quarterly revenue climbed 7% year over year to $45.4 billion, marking the third time in as many quarters that its top-line growth has accelerated. Apple's profits fared even better, with gross margin expanding 50 basis points to 38.5%, and earnings per share rising 17.6% to $1.67. Both sales and gross margin arrived at the high ends of Apple's latest respective guidance ranges.

IMAGE SOURCE: APPLE, INC.

Source: Fool.com