Apple Inc. announced on Thursday that its diluted earnings per share for the third quarter of fiscal 2023 stood at $1.26, topping analysts' estimates. The figure marks an annual jump of 5%.
The company's revenue slipped by 1% compared to the year before, coming in at $81.8 billion in the reported quarter. Meanwhile, operating income for the three-month period declined to $22.9 billion from $23.1 billion recorded last year. Net income rose 2% to $19.8 billion, while iPhone sales slid by 2.7% to $39.6 billion.
"During the quarter, we generated a very strong operating cash flow of $26 billion, returned over $24 billion to our shareholders, and continued to invest in our long-term growth plans," CFO Luca Maestri underscored.
Apple's stock fell 0.32% in after-hours trading after the release of the report.
