Apple Stock News: Earnings Report Update
Apple released its second quarter earnings report on Tuesday after the markets closed and narrowly beat expectations. The company posted earnings per share of $1.85 and revenue of $49.6 billion. While these figures did beat expectations of $1.81 and $49.43 billion, the stock traded as much as 7% yesterday in after-hours trading as investors were unimpressed by the smallest EPS beat in two years. The recent quarter is traditionally the company’s weakest, but guidance for the coming quarter was also short of expectations leading to the selloff.
July 22, 2015
