Apple – June Earnings

Posted on | by Leon Hinde

Apple July 30, 2020 — Apple announced financial results for its fiscal 2020 third quarter ended June 27, 2020. The Company posted quarterly revenue of $59.7 billion, an increase of 11 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.58, up 18 percent.

Apple has been under Algo Engine buy conditions since forming a low in March 2020.

The board of directors has also approved a four-for-one stock split to make the stock more accessible to a broader base of investors. Each Apple shareholder of record at the close of business on August 24, 2020 will receive three additional shares for every share held on the record date, and trading will begin on a split-adjusted basis on August 31, 2020.

Apple declared a cash dividend of $0.82 per share of the Company’s common stock. This places Apple on a forward annualized yield of 0.75%.