Apple Rallies Most in 18 Months on Upbeat Forecast, Buyback

Profit also topped Wall Street projections in the period, and Apple announced the biggest stock buyback in US history. The shares rallied as much as 8.1% to $187 Friday morning in New York.

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Apple Rallies Most In 18 Months On Upbeat Forecast, Buyback

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Profit also topped Wall Street projections in the period, and Apple announced the biggest stock buyback in US history. The shares rallied as much as 8.1% to $187 Friday morning in New York.

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Apple Rallies Most In 18 Months On Upbeat Forecast, Buyback

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May 3, 2024 · Apple Rallies Most in 18 Months on Upbeat Forecast, ... Read More: Apple’s $110 Billion Stock Buyback Plan is Largest in US History. The results came as a relief to investors, …

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Apple Stock Up On Upbeat Forecast And Biggest Buyback In U.S.

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May 3, 2024 · Apple shares jump on upbeat forecast and biggest buyback in U.S. history Back to video Article content Though revenue fell 4.3 per cent to US$90.8 billion in the March quarter, …

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Apple Rallies On Upbeat Forecast, Record-Setting Stock Buyback

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May 3, 2024 · Apple Rallies on Upbeat Forecast, Record-Setting Stock Buyback ... And the board approved plans to buy back an additional $110 billion of the company's stock. ... Counterpoint …

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Apple Shares Jump As Record Buyback And Upbeat Forecast Lure …

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May 3, 2024 · (Reuters) -Apple shares jumped 7% on Friday as the iPhone maker's record stock buyback plan and promise of sales growth brought back investors who have shunned the …

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Apple Surges On Record $110B Buyback And Strong Quarterly …

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Apple ( AAPL ) delivered a robust performance in the most recent quarter, surpassing Wall Street's expectations, and its shares surged by 8.1% in early trading—their most significant …

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Apple Stock Rallies After Record-setting $110B Stock Buyback, …

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May 3, 2024 · Apple also said that its revenue for the three-month period ended on March 30 rang in at $90.8 billion. Though it was a 4.3% drop from the year-ago period, it topped the $90.3 …

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Apple Stock Rallies Over Upbeat Forecast, Record-setting Stock …

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Apple shares gained as much as 7.9% in extended trading Thursday after the report was released. Apple had been down 10% to $173.03 this year through the close.

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FAQs about Apple Rallies Most in 18 Months on Upbeat Forecast, Buyback Coupon?

Why did Apple stock jump 7% on Friday?

(Reuters) -Apple shares jumped 7% on Friday as the iPhone maker's record stock buyback plan and promise of sales growth brought back investors who have shunned the stock on concerns over weak demand and increased competition in China. The company late on Thursday forecast fiscal third-quarter sales that exceeded Wall Street's modest expectations. ...

Why did Apple announce the biggest stock buyback in US history?

Profit also topped Wall Street projections in the period, and Apple announced the biggest stock buyback in US history. The results came as a relief to investors, who have been waiting for the iPhone maker to pull out of a long slump. ...

What is Apple's biggest buyback value?

The move marks the largest buyback value ever announced in US history. In 2018, Apple came close to the new record when it authorized $100 billion in share repurchases, according to Bloomberg, citing data compiled by market research firm Birinyi Associates that goes back to 1999. ...

How did Apple perform in the March quarter?

Apple's revenue for the March quarter was US$90.8 billion, which was better than the US$90.3 billion predicted by analysts. The company also reported profit that topped Wall Street projections. Apple announced the biggest stock buyback in US history in this period. ...

Why did Apple stock rise 22% over last year's $90 billion repurchases?

Apple stock rallied after its board approved $110 billion in share repurchases — a 22% increase over last year’s $90 billion authorization and the largest of its kind in US history. Robert Miller Last month, Apple was overtaken by Samsung as the world’s No.1 phone maker, according to the latest data from research firm IDC. ...

Why did Apple stock jump 6% before the bell?

REUTERS/Mike Blake/File Photo (Reuters) - Apple shares jumped nearly 6% before the bell on Friday as the iPhone maker's record stock buyback plan and promise of sales growth drew back investors who have shunned the stock on concerns over weak demand and increased competition in China. ...