CNBC Pro

Here's what major Wall Street analysts had to say about Apple's earnings report

Share
Apple CEO, Tim Cook waves as he opens the door of the newly renovated Apple Store at Fifth Avenue on September 20, 2019 in New York City. (Photo by Kena Betancur / AFP) (Photo credit should read KENA BETANCUR/AFP via Getty Images)
KENA BETANCUR | AFP | Getty Images

Consumer tech giant Apple easily topped sales and earnings expectations for its latest quarter, earning praise from Wall Street analysts even as shares came under pressure.

Apple reported $1.68 in earnings per share on $111.4 billion in revenue, while analysts surveyed by Refinitiv expected $1.41 in earnings per share and $103.28 billion in revenue. Most of Apple's business lines, including iPhone and services, had higher-than-expected sales, but the stock was down 2.5% in premarket trading.

More In Pro Insight

VIDEO03:46
CNBC ProGeneral Motors, General Electric and Rocket Companies— Halftime traders weigh on buys and sells
CNBC ProBitcoin just formed a 'golden cross' chart pattern, which has heralded big gains in the past
CNBC ProThe weak seasonal trading period that's got Cramer and other investors worried starts Friday