Apple Tops Earnings Estimates As iPhone Sales Stay Strong
- Revenue of $21.7 billion, slightly below estimate of $22.057 billion
- Net Income surpassed expectations at $879 million vs $919.1091 million estimate
- Earnings Per Share (EPS) exceeded projections at $3.51 vs $3.4622 estimate
- Operating Income rose 19% year-over-year to $1.24 billion
- Announced additional $500 million share repurchase in Q4 and new $5 billion program
