For the quarter ended June 2024, Apple (AAPL Quick QuoteAAPL - Free Report) reported revenue of $85.78 billion, up 4.9% over the same period last year. EPS came in at $1.40, compared to $1.26 in the year-ago quarter.

The reported revenue represents a surprise of +1.59% over the Zacks Consensus Estimate of $84.43 billion. With the consensus EPS estimate being $1.34, the EPS surprise was +4.48%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Apple performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Geographic Revenue- Greater China

  : $14.73 billion versus the two-analyst average estimate of $15.19 billion. The reported number represents a year-over-year change of -6.5%.

• Geographic Revenue- Europe

  : $21.88 billion versus $20.65 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +8.3% change.

• Geographic Revenue- Rest of Asia Pacific

  : $6.39 billion versus the two-analyst average estimate of $6.11 billion. The reported number represents a year-over-year change of +13.5%.

• Geographic Revenue- Japan

  : $5.10 billion compared to the $5.26 billion average estimate based on two analysts. The reported number represents a change of +5.7% year over year.

• Geographic Revenue- Americas

  : $37.68 billion versus the two-analyst average estimate of $36.39 billion. The reported number represents a year-over-year change of +6.5%.

• Revenue- iPhone

  : $39.30 billion compared to the $38.74 billion average estimate based on six analysts. The reported number represents a change of -0.9% year over year.

• Revenue- Mac

  : $7.01 billion compared to the $6.92 billion average estimate based on six analysts. The reported number represents a change of +2.5% year over year.

• Net Sales- Services

  : $24.21 billion versus the six-analyst average estimate of $24 billion. The reported number represents a year-over-year change of +14.1%.

• Revenue- Wearables, Home and Accessories

  : $8.10 billion compared to the $7.51 billion average estimate based on six analysts. The reported number represents a change of -2.3% year over year.

• Net Sales- Products

  : $61.56 billion versus $60.06 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +1.6% change.

• Revenue- iPad

  : $7.16 billion versus $6.88 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +23.7% change.

• Gross margin- Services

  : $17.92 billion versus $17.44 billion estimated by five analysts on average.

View all Key Company Metrics for Apple here>>>

Shares of Apple have returned +0.2% over the past month versus the Zacks S&P 500 composite's +1.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.