Home > Apple Stock Spikes 6 Percent After Positive Quarterly Earnings Report

Business
Apple Stock Spikes 6 Percent After Positive Quarterly Earnings Report

Description

According to Reuters, Apple is trading higher after releasing a robust earnings report after the closing bell. On July 31st, Apple posted their third-quarter earnings report, which beat analysts expectations, along with a fourth-quarter forecast that exceeded Wall Street's estimates. The positive report and forecast inched Apple closer to becoming the world's first trillion-dollar company, after their stock jumped almost 6-percent during early morning trading on August 1st. Apple's share price hit a record of $201.32, which helped to boost the S&P 500's tech index. But the positive quarterly report also helped other members in the FAANG group of stocks. Facebook, Netflix, Amazon, and Google's parent company Alphabet were also trading higher, but between 1-and-2 percent.

Added on the 01/08/2018 13:35:11 - Copyright : Wochit

To customise your video :

Or Create an account

More videos on the subject

  • Apple revenue jumps 22 percent

    Not only did Apple iPhone sales surge 36 percent last quarter, the company's China sales doubled and accounted for nearly a quarter of its total revenue. Bobbi Rebell reports.

    27/10/2015 - Reuters EN
  • Apple earnings beat, stock falls

    Apple stock fell despite better-than-expected results. During the regular trading session, the major stock indexes fell. Bobbi Rebell reports.

    22/07/2015 - Reuters EN
  • Spanish stock market falls 0.63 percent, loses 8,900 points

    Madrid, 11 oct (EFE).- The Spanish stock market fell 0.63 percent Monday and has lost 8,900 points affected by the fall in large stocks and some European markets, according to market data.(Camera: EFE)

    11/10/2021 - EFE Inglés
  • Spanish stock market drops 0,09 percent

    Madrid,Oct 8 (EFE).- The Spanish stock market fell by 0.09% Friday, conditioned by the doubts of Wall Street and the decline in part of the European markets after knowing the employment figures of the US in September, according to market data. (Camera: ANA BORNY)

    08/10/2021 - EFE Inglés
  • Spanish stock market opens flat pending US employment report

    Madrid, Oct 8 (EFE) .- The Spanish stock market opened flat this Friday, with slight gains of 0.04%, after scoring its third largest rise of the year the day before, and waiting for the report to be published today regarding US employment.

    08/10/2021 - EFE Inglés
  • Minority Report - Teaser 6 - VO

    Adaptation en série du film homonyme de Steven Spielberg, centré sur une équipe chargée d'arrêter les criminels avant qu'ils ne commettent leurs forfaits respectifs.

    27/09/2021 - Orange - Webedia Series

More videosBusiness

Watch video of The Post-Brexit Recovery Across European Markets Has Stalled With Major Share Indexes Mixed And Safe-haven Demand For Precious Metals Helping The Price Of Silver Surge To A Near-two Year High.  But,  As Sonia Legg Reports, Trading Volumes Were Light Becasue Of The July 4 Public Holiday In The United States. - European shares end post-Brexit rally - Label : Reuters EN -
Business

European shares end post-Brexit rally

04/07/2016 15:56:29

Watch video of BP Slumps To Its Worst Annual Loss In 2015, The British Oil And Gas Company Announces, And Says It Will Cut Thousands More Jobs In The Face Of A Deep Rout In Oil Prices. Hayley Platt Reports - Oil prices drag BP to worst annual loss - Label : Reuters EN -
Business

Oil prices drag BP to worst annual loss

02/02/2016 14:51:34