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Apple Earnings Q2: AAPL Inventory Worth Rises on Buyback, Dividend Increase

apple-earnings-q2:-aapl-inventory-worth-rises-on-buyback,-dividend-increase

Apple, AAPL, Nasdaq, Company Earnings – Speaking Factors

  • Apple, Inc. posts earnings per share of $1.52 on $97.28 billion in income for Q2’2022
  • Buyback program increase of $90 billion, dividend elevated from $0.22 to $0.23
  • Provide chain outlook uncertainty might weigh on the inventory amid China lockdowns

Apple Inc. reported a rosy batch of figures in its second-quarter earnings report following a rebound in know-how shares, with the Nasdaq-100 Index (NDX) posting a 3.48% achieve on the closing bell. The iPhone maker noticed $97.28 billion in income for Q2, beating the $93.98 billion Bloomberg consensus forecast. Earnings per share (EPS) of $1.52 additionally beat the $1.42 consensus forecast.

Apple inventory rose 2.0% in after-hours buying and selling, extending its 4.52% buying and selling session achieve. The corporate boosted its share buyback program by $90 billion and elevated its dividend by 5% from $0.22/share to $0.23/share. That appears like it’s going to preserve traders completely satisfied for now. Choices pricing put right now’s one-day implied transfer at 6.21%.

A wildcard stays, nevertheless. China’s dedication to its “Zero-Covid” coverage will doubtless proceed to weigh on Apple’s provide chain. Traders can be laser-focused on commentary round these logistical challenges, together with inflation woes, throughout this night’s earnings name. Apple’s coverage of not providing steerage throughout the Covid-19 pandemic continues, which can go away traders on the look ahead to forecasts from analysts and large banks over the approaching days and weeks.

Apple One-Minute Chart

apple stock

Chart created with TradingView

**Try Amazon earnings and its value response right here**

— Written by Thomas Westwater, Analyst for DailyFX.com

To contact Thomas, use the feedback part beneath or @FxWestwater on Twitter

DailyFX offers foreign exchange information and technical evaluation on the tendencies that affect the worldwide forex markets.

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