Advertisement
U.S. markets close in 3 hours 34 minutes
  • S&P 500

    5,250.99
    +2.50 (+0.05%)
     
  • Dow 30

    39,773.09
    +13.01 (+0.03%)
     
  • Nasdaq

    16,380.41
    -19.12 (-0.12%)
     
  • Russell 2000

    2,133.74
    +19.40 (+0.92%)
     
  • Crude Oil

    82.59
    +1.24 (+1.52%)
     
  • Gold

    2,235.20
    +22.50 (+1.02%)
     
  • Silver

    24.86
    +0.11 (+0.44%)
     
  • EUR/USD

    1.0805
    -0.0025 (-0.23%)
     
  • 10-Yr Bond

    4.1910
    -0.0050 (-0.12%)
     
  • GBP/USD

    1.2640
    +0.0002 (+0.01%)
     
  • USD/JPY

    151.2770
    +0.0310 (+0.02%)
     
  • Bitcoin USD

    70,759.34
    +1,820.33 (+2.64%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,964.66
    +32.68 (+0.41%)
     
  • Nikkei 225

    40,168.07
    -594.66 (-1.46%)
     

Apple flat after earnings, outlook

Apple shares are about flat in post-market trading after reporting mixed quarterly results and guidance that missed consensus estimates.

AAPL is up fractionally to about $610 at the time of this writing after initally breaking below the $600 mark for the first time since late July. The stock closed the regular session off 1.18 percent at $609.54.

The company reported earnings of $8.67 per share for its fiscal fourth quarter, below the consensus estimate of $8.75. Revenues came in at $35.96 billion, above the $35.8 billion that analysts had been looking for.

For the fiscal first quarter, the company forecast earnings of $11.75 per share on revenues of $52 billion, lower than estimates of $15.59 EPS on revenues of $55.15 billion.

Shares hit an all-time high of $705.07 on Sept. 20 but have fallen sharply since then, falling below their 100-day moving average in the last week. This week's release of the iPad Mini and other products failed to reverse the decline amid persistent concerns over competition and supply constraints.



More From optionMONSTER

Advertisement