Apple (AAPL) Stock Slips After Hours Despite Earnings and Revenue Beat
Photo: CoinCentral
TLDR Apple stock fell 3% in extended trading after its first earnings report under CEO John Ternus. EPS came in at $2.10 against $1.99 expected, and revenue hit $114.48 billion. iPad and Wearables, Home and Accessories revenue missed estimates. Apple guided gross margin to 45% to 46% for the December quarter, below the 46.3% estimate. December quarter revenue growth is guided at 7% to 10%, ahead of the 6.1% estimate. Apple (AAPL) stock slid 3% in extended trading Monday after the company posted its fiscal fourth-quarter results.
Source: CoinCentral
