Apple $AAPL Quarterly Earnings LIVE Webcast, July 31, 5pm EDT

2018-07-31

Apple $AAPL Quarterly Earnings LIVE Webcast, July 31, 5pm EDT

Apple Inc.

NASDAQ: AAPL

$AAPL

Principal domain: apple.com

Investor Relations website: investor.apple.com

Apple FY 18 Third Quarter Results: Tuesday, July 31, 2018 at 5:00 p.m. EDT

Listen to the conference call webcast - Earnings Call Transcript | SeekingAlpha.com

Earnings Release: "Revenue Up 17 Percent and EPS Up 40 Percent to New June Quarter Records - Services Revenue Reaches New All-Time High"--excerpts:

“We’re thrilled to report Apple’s best June quarter ever, and our fourth consecutive quarter of double-digit revenue growth,” said Tim Cook, Apple’s CEO. “Our Q3 results were driven by continued strong sales of iPhone, Services and Wearables, and we are very excited about the products and services in our pipeline.”

“Our strong business performance drove revenue growth in each of our geographic segments, net income of $11.5 billion, and operating cash flow of $14.5 billion,” said Luca Maestri, Apple’s CFO. “We returned almost $25 billion to investors through our capital return program during the quarter, including $20 billion in share repurchases.”

Apple provided the following guidance for its fiscal 2018 fourth quarter:

revenue between $60 billion and $62 billion
gross margin between 38 percent and 38.5 percent
operating expenses between $7.95 billion and $8.05 billion
other income/(expense) of $300 million
tax rate of approximately 15 percent before discrete items

Apple’s board of directors has declared a cash dividend of $0.73 per share of the Company’s common stock. The dividend is payable on August 16, 2018 to shareholders of record as of the close of business on August 13, 2018.