Scalper1 News
Apple (AAPL) failed to live up to the lofty expectations of some investors in the June quarter, despite posting sales and earnings that beat Wall Street’s targets. Unit sales of the iPhone disappointed and Apple Watch sales appeared to be light. Apple stock was down 4.5%, near 125, in afternoon trading on the stock market today. Apple reported fiscal third-quarter results late Tuesday. Apple earned $1.85 a share, up 44.5% year over year and 4 cents ahead of Wall Street’s target. Sales rose 32.5% to $49.61 billion, just above the $49.43 billion forecast by analysts polled by Thomson Reuters. Apple’s Q3 revenue growth was its biggest increase in over three years. Scalper1 News
Scalper1 News