news/AAPL/2023.02.02/Apple : Fiscal Q1 Earnings Snapshot.txt

CUPERTINO, Calif. (AP) _ Apple Inc. (AAPL) on Thursday reported fiscal first-quarter net income of $30 billion.The Cupertino, California-based company said it had profit of $1.88 per share.The results fell short of Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.93 per share.The maker of iPhones, iPads and other products posted revenue of $117.15 billion in the period, which also fell short of Street forecasts. Ten analysts surveyed by Zacks expected $121.21 billion.Apple shares have risen 16% since the beginning of the year, while the S&P's 500 index has climbed almost 9%. In the final minutes of trading on Thursday, shares hit $150.82, a drop of 14% in the last 12 months.This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AAPL at https://www.zacks.com/ap/AAPLCopyright by Automated Insights, Inc. All rights reserved., source Associated Press News