Phurfur 70 Posted April 23, 2014 Apple posted quarterly earnings and revenue that topped estimates Wednesday and announced a 7-for-1 stock split, propelling the stock after a temporary halt. The company posted earnings of $11.62 a share, on revenue of $45.6 billion. Analysts expected the company to report earnings excluding items of $10.18 a share on $43.53 billion in revenue, according to a consensus estimate from Thomson Reuters. Apple also authorized a 7-for-1 stock split, addressing calls to share more of its cash hoard. The board also approved a dividend increase of approximately 8 percent to $3.29 a share. The company additionally said it would boost the overall size of its capital return program to more than $130 billion by the end of 2015, up from its previous $100 billion plan. http://www.cnbc.com/id/101607071 Share this post Link to post Share on other sites
