This post was originally published on this site
Tim Cook, CEO of Apple, laughs during a launch event unveiling new products at the Brooklyn Academy of Music on October 30, 2018 in the Brooklyn borough of New York City. Apple debuted a new MacBook Pro, Mac Mini and iPad Pro.
Stephanie Keith | Getty Images
Wall Street analysts are starting to feel more bullish on Apple after the company released its fourth quarter earnings report on Wednesday after the bell.
Apple beat analyst expectations and reported earnings that beat on revenue and earnings per share. Apple reported earnings of $3.03 for the third quarter vs. $2.84 expected, according to analysts surveyed by Refinitiv.
The company issued an upbeat holiday forecast and said its Wearables and Services businesses continue to grow. iPhone sales also beat analyst estimates but are still down from the previous year.
Shares of the company are up over 1% in early trading.
Here’s what major analysts said about Apple’s earnings report:
