“Apple stock has best day since 2022 after earnings beat, $110 billion stock buyback”
May 9, 2024
“Apple shares popped 6% Friday after the company reported better-than-expected second-quarter earnings and the largest-ever stock buyback program. It was the best day for the stock since Nov. 30, 2022.
The iPhone maker announced Thursday it would repurchase $110 billion of its shares, the biggest buyback in U.S. history, surpassing Apple’s prior repurchases. The company posted earnings of $1.53 per share on revenue of $90.75 billion, exceeding analysts’ estimates of earnings of $1.50 per share on revenue of $90.01 billion, according to LSEG…”
https://www.cnbc.com/2024/05/03/apple-stock-on-pace-for-best-day-since-2022-after-earnings-beat.html