Dade Hayes Finance EditorApple demolished Wall Street forecasts in its fiscal third quarter, delivering revenue of $59.7 billion and earnings per diluted share of $2.58 billion.Analysts’ consensus was for revenue of $52.25 billion, which would have been a slight dip from the same quarter a year earlier.
Earnings per share were expected to come in at $2.04.Along with the financial results, the company said its board approved a four-for-one stock split “to make the stock more accessible to a broader base of investors,” according to the earnings release.Each Apple shareholder of record at the close of business on August 24 will get three extra shares for every share held on the record date.
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