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Apple's shares surge following blowout Q1 earnings.

Washington, Apr. 24 ( ANI ): Apple has reported its earnings, with 45.6 billion dollars in revenue, 10.2 billion dollars in net profit, or 11.62 dollars in earnings per share.

The staggering profits beat analysts expectation of 10.18 dollars in profit per share, and revenue of under 44 billion dollars.

After posting profits, Apple's share rose more than seven percent in after-hours trading, according to TechCrunch.

The company also reported that it would execute a stock split, increase its dividend by eight percent, and also increase its share buyback programme by 30 billion dollars, to a total of 90 billion dollars, the report added. ( ANI )

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Publication:Asian News International
Article Type:Financial report
Date:Apr 24, 2014
Words:122
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