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Apple (AAPL) Q2 2024 earnings results beat EPS and revenue expectations

Apple narrowly cleared Wall Street's expectation for EPS and revenue in the quarter.

Donovan Erskine

May 2, 2024 1:55 PM

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Apple (AAPL) has released its earnings report for Q2 2024, providing insight to its financial performance over the last few months. The iPhone maker managed to beat expectations for both earnings and revenue in the second quarter of the fiscal year.

Apple shared its Q2 2024 earnings report shortly after the close of markets today. The company reported $90.8 billion in revenue, beating the expectation of $90 billion. Apple’s earnings per share were $1.53, closely beating Wall Street’s expectation of $1.50. CEO Tim Cook provided a statement with the results.

Apple (AAPL) stock saw a sharp increase in after-hours trading following the publishing of its earnings report. The stock was as high as $183.03 after ending the day at $173.14.

Apple also announced that it would be increasing its dividend and adding to its buyback program. Bookmark our Apple topic page for more timely coverage on the tech giant.

Donovan Erskine

News Editor

Donovan is a young journalist from Maryland, who likes to game. His oldest gaming memory is playing Pajama Sam on his mom's desktop during weekends. Pokémon Emerald, Halo 2, and the original Star Wars Battlefront 2 were some of the most influential titles in awakening his love for video games. After interning for Shacknews throughout college, Donovan graduated from Bowie State University in 2020 with a major in broadcast journalism and joined the team full-time. He is a huge Scream nerd and film fanatic that will talk with you about movies and games all day. You can follow him on twitter @Donimals_