Apple’s revenue achieves $123.95B, exceeding local expectations

yousef27 January 2022Last Update : 2 years ago
Apple’s revenue achieves $123.95B, exceeding local expectations

Apple’s first-quarter earnings report indicated that it beat analysts’ expectations. The report was released on Thursday and the company posted revenue that beat expectations.

Earnings per share were $2.1 while revenue was $123.95B. Market surveys from had expected earnings per share of $1.89 and earnings per share of $118.68B. Also, in terms of the last quarter

Apple shares lost 0.29% to trade at $158.76 within hours, according to the report.

During the year, Apple shares traded down 10%, underperforming the Dow Jones which is down 5.99% this year.

On Tuesday, Microsoft Group announced a second-quarter earnings per share of $2.48 on earnings of $51.73B, compared to expectations for earnings per share of $2.31 on earnings of $50.65B.

Taiwan Semicond.Manufacturing Co.’s earnings beat analyst expectations on the 13th, during the fourth quarter with quarterly earnings per share of $1.16 and revenue of $15.85B. analysts expected a profit of $1.12 and a return of $15.69B

At the end of trading in New York, the Dow Jones Industrial Average closed at 0.02%, and reached a record low within a month, while the S&P 500 fell by 0.54% and the Nasdaq weakened by 1.40%.

The biggest gainers of the day on the Dow Jones Industrial Average were Dow Inc (NYSE:DOW), which rose 5.17% or 2.96 points to trade at 60.18 at the close. On the other hand, Chevron Corp (NYSE:CVX) share rose 2.02% or 2.68 points to end at 135.37, and Merck & Co. (NYSE:MRK) added 1.82% or 1.44 points to 80.58 in late trade.

As for the weakest performance at the end of trading today, the share of Intel Group (NASDAQ:INTC) closed down at 7.04%, or 3.64 points, and traded at 48.05 levels at the close. Boeing Co (NYSE:BA) stock fell 2.33% or 4.52 points to 189.75, and American Express (NYSE:AXP) stock closed down 1.95% or 3.42 points to 171.90.

On the other hand, the best performer in the Standard & Poor’s 500 Index was recorded by ServiceNow Inc (NYSE:NOW), which rose by 9.14% to 528.69, and Paul Corp. (NYSE:BLL) also, which continued to rise at 8.57% and closed at 93.99 levels, as well as the share of Seagate Technology PLC (NASDAQ:STX) that rose about 7.65% and ended its trading at 103.68.

Among the worst performers today were Teradine Inc (NASDAQ:TER), which fell 22.41% to 111.24, Tesla Inc (NASDAQ:TSLA), which lost 11.55% to 829.10 and Advanced Micro Devices (NASDAQ:TSLA), which lost 11.55% to 829.10. (NASDAQ:AMD), which weakened by 7.33% and closed at 102.60 today’s session on the stock exchange.

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