Apple Shares Fall 2.83% After Hours as Margin Outlook Overshadows Earnings Beat
Photo: TokenPost
Apple (AAPL) shares fell 2.83% in after-hours trading Monday as its December-quarter gross-margin outlook trailed the latest reported level, overshadowing quarterly revenue and earnings that beat analyst estimates. At 8 p.m. ET Monday, Nov. 2 (1 a.m. UTC Nov. 3), AAPL traded at $328.74, down from its $338.32 regular-session close. Shares fell as much as 4% during Apple’s earnings call before narrowing losses. Apple reported $114.48 billion in revenue and diluted earnings of $2.10 per share for the fiscal fourth quarter ended Sept. 26. The results exceeded analyst estimates of $113.39 billion and $1.99 per share.
Source: TokenPost
