Apple shares are moving higher after the company reported a strong earnings beat and issued better-than-expected guidance for the upcoming quarter. Apple reported revenue of $111.18 billion, up 17% year over year, and earnings of $2.01 per share, both exceeding analyst expectations.
The company also guided for June-quarter revenue growth of 14% to 17%, significantly above consensus estimates of around 9%, signaling continued strength in demand. Gross margin guidance also came in ahead of expectations, reflecting pricing power and cost discipline.
In addition to strong financial results, Apple announced a 4% dividend increase and authorized $100 billion in additional share buybacks, reinforcing confidence in its long-term outlook.
#Apple #AAPL #Earnings
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