Jul
27
Here’s What Wall Street Is Saying About Apple’s Earnings Report
ByOptimistic overall, but not without some caution.
Apple Inc. released its highly-anticipated quarterly results after the bell yesterday, and analysts and investors seem to like what they see.
The company reported fiscal third-quarter revenue that beat expectations, and while iPhone unit sales fell 15 percent from a year earlier, that exceeded the average estimate on Wall Street. Shares are trading about 7 percent higher in the pre-market, showing signs of making a bigger move higher following a tough few months…
Here’s What Wall Street Is Saying About Apple’s Earnings Report