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NEW YORK (
Apple(AAPL - Get Report) edged higher in premarket trading on Friday, gaining 0.24% to reach $611 after the company's
fourth-quarter results on Thursday.
The tech giant's revenue came in at $36 billion, up from $28.3 billion in the prior year's quarter, and above analysts' forecasts of $35.8 billion. Apple earned $8.67 a share on net income of $8.2 billion, up from earnings of $7.05 a share and net income of $6.6 billion in the same period last year. Analysts surveyed by
Thomson Reuters, however, were looking for earnings of $8.75 a share.
The Cupertino, Calif.-based firm sold 26.9 million iPhones during the quarter, a 58% year-over-year hike. Apple's iPhone number also disproved rumors that the company has been struggling with supply chain issues. Wall Street had forecast between 25 million and 26 million iPhone sales.
Apple was one of Friday's most active premarket Nasdaq stocks on share volume of 848,934
Facebook(FB - Get Report), which beat on both the top and bottom lines when it reported its
third-quarter results earlier this week, dipped 0.35% to $22.48 on share volume of 658,455.
Amazon(AMZN - Get Report), which came up short Thursday in its
third-quarter results, gained 2.55% to reach $228.61 in premarket trading.
Sirius XM(SIRI - Get Report) shares rose 0.35% to $2.86 in premarket trading.
--Written by James Rogers in New York.
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