Company Earnings Update 4 minutesRegister for Free AccessApple (AAPL) 2Q17 Results: Beats on EPS, 3Q Guidance Below Consensus Coresight Research May 4, 2017 Executive Summary Apple reported 2Q17 EPS of $2.10, up 10.4% year over year and beating the consensus estimate of $2.02. Revenues were $52.9 billion, up 4.6% year over year and slightly below the $53.1 billion consensus estimate. The company sold 50.8 million iPhones in the quarter, below the consensus estimate of 52.3 million units. iPad units sold decreased by 13% year over year and Mac units sold increased by 4%. Services revenue was $7.0 billion, up 18% year over year. Apple guided for 3Q17 revenues of $43.5–$45.5 billion, below the consensus estimate of $45.6 billion. The margin and expense ranges provided result in an EPS range of $1.42–$1.61, below the consensus estimate of $1.62. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: April 2023 US Housing Market Indicators: All Home Sales See Year-Over-Year DeclinesHoliday 2023: US Retail Outlook Summary UpdatePlaybook: Six Quick Wins in Generative AIWeinswig’s Weekly: Beauty and Wellness—Rediscovering the 50+ Woman