Shares of Apple (NASDAQ:AAPL) leapt 10.5% to a new closing high of $425.04 on Friday, following the company's expectation-crushing third-quarter results.
Despite a host of coronavirus-related challenges, Apple's revenue jumped 11% year over year to $59.7 billion. The technology giant's profit growth was even more impressive. Its earnings per share climbed 18%, to $2.58. Wall Street had expected revenue and EPS of only $52.3 billion and $2.04.
Stock: [INARI]: INARI AMERTRON BERHAD
2020-08-02 00:03 | Report Abuse
https://www.fool.com/investing/2020/07/31/why-apple-stock-soared-to-a-new-all-time-high-toda.aspx
Shares of Apple (NASDAQ:AAPL) leapt 10.5% to a new closing high of $425.04 on Friday, following the company's expectation-crushing third-quarter results.
Despite a host of coronavirus-related challenges, Apple's revenue jumped 11% year over year to $59.7 billion. The technology giant's profit growth was even more impressive. Its earnings per share climbed 18%, to $2.58. Wall Street had expected revenue and EPS of only $52.3 billion and $2.04.