Did Apple Beat Analyst Estimates in Fiscal 4Q17?
Apple reports revenues of $52.6 billion in fiscal 4Q17
While Apple’s (AAPL) revenues rose 12% YoY (year-over-year), its EPS rose 24.0% YoY in fiscal 4Q17. International sales accounted for 62.0% of Apple’s total revenues in the last reported quarter.
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During Apple’s fiscal 4Q17 earnings call, its CEO, Tim Cook, stated, “We’re happy to report a very strong finish to a great fiscal 2017, with record fourth quarter revenue, year-over-year growth for all our product categories, and our best quarter ever for Services.”
In fiscal 4Q16, Apple reported revenues of $46.8 billion with EPS of $1.67. Apple has reported four consecutive quarters of revenue growth.
What analysts expected from Apple in fiscal 4Q17
Analysts expected Apple (AAPL) to post revenues of $50.8 billion in fiscal 4Q17. Analysts had a high revenue estimate of $53.1 billion and a low estimate of $48.5 billion in the quarter.
Analysts expected the company to post EPS of $1.87 in fiscal 4Q17, with a high earnings estimate of $2.01 and a low earnings estimate of $1.79.
Apple beat analyst revenue estimates by 3.5% and earnings estimates by 10.7% in fiscal 4Q17. Apple also beat analyst EPS estimates by 4% in fiscal 2Q17 when it posted EPS of $2.10 and by 6.4% in fiscal 3Q17 with EPS of $1.67.