Apple: EPS increases 9% to $1.52 in Q2

Thursday, 28. April 2022 22:32

Apple Inc. stated on Wednesday that its diluted earnings per share for the second quarter of fiscal 2022 stood at $1.52, up 9% from the same time frame the year prior.

Total net sales in the second trimester were $97.28 billion, marking a 9% increase year-on-year. Operating income for the three-month period ending March 26, 2022, grew 9% on an annual basis to $29.98 billion, net income rose by 6% to $25 billion and iPhone sales were up 5% to $50.57 billion.

"We set an all-time revenue record for Services and March quarter revenue records for iPhone, Mac, and Wearables, Home and Accessories... Our strong operating performance generated over $28 billion in operating cash flow, and allowed us to return nearly $27 billion to our shareholders during the quarter," CFO Luca Maestri commented.

"The board of directors has also authorized an increase of $90 billion to the existing share repurchase program," the company also announced. Apple's stock rose by 2.08% in late trading after the release of the report.

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Baha Breaking News (BBN) / MS