Apple’s results came better than expected

Apple 1Q 2019 earnings

  • EPS $4.99 vs $4.54 estimate
  • Revenues $91.8 billion vs. $88.40 billion estimate
  • service revenue $12.72 billion versus estimate of $12.98 billion
  • sees a 2nd quarter revenue of $63.0 billion to $67.0 billion versus estimate of $62.33 billion
  • iPhone revenues $55.96 billion versus estimate $51.5 billion
  • first-quarter wearables and home accessories $10.01 billion versus estimate $9.51 billion
  • Apple sees a 2nd quarter gross margins 38% to 39% versus estimate of 38.1%
  • Apple active install base hits 1.5 billion

The company’s shares are up 3% in the aftermarket session.

 Trader Martin Nikolov

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