Apple (APPL) Beats: What’s Next for the Stock

Facebook Twitter Google+ LinkedIn Apple today announced financial results for its fiscal 2017 third quarter ended July 1, 2017. The Company posted quarterly revenue of $45.4 billion and quarterly earnings per share (fully diluted) of $1.67. These results compare to revenue of $42.4 billion and earnings per diluted share of $1.42 in the year-ago quarter. International sales accounted for 61 percent of the quarter’s revenue. Revenue was up 7 percent year-over-year, which is about 2 times the rate of nominal GDP growth. We think…

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