Apple Q4 revenue $46.9 billion, EPS $1.67
Apple posted quarterly revenue of $46.9 billion and quarterly net income of $9 billion, or $1.67 per diluted share. These results compare to revenue of $51.5 billion and net income of $11.1 billion, or $1.96 per diluted share, in the year-ago quarter.
POST forecast EPS of $1.70 and revenue of $48 billion.
Gross margin was 38 percent compared to 39.9 percent in the year-ago quarter. International sales accounted for 62 percent of the quarter’s revenue.
Apple is providing the following guidance for its fiscal 2017 first quarter:
- revenue between $76 billion and $78 billion
- gross margin between 38 percent and 38.5 percent
- operating expenses between $6.9 billion and $7 billion
- other income/(expense) of $400 million
- tax rate of 26 percent
Apple board has declared a cash dividend of $0.57 per share of the company’s common stock.
The dividend is payable on November 10, 2016 to shareholders of record as of the close of business on November 7, 2016. ■