Apple (AAPL) shocked investors on Tuesday with a rare earnings miss. The huge technology company has now seen its shares fall 5% in the two days following its earnings report. It’s time to take a look at the earnings report and see where Apple shares may be headed going forward.
For its third quarter, Apple reported revenue of $35.0 billion. The company’s net profit was $8.8 billion, translating to earnings per share of $9.32. Analysts … Read the rest
Apple (AAPL) continues its flirtation with the $600 level this morning on more bullish news in the form of a dividend announcement and stock buyback program. Add to that the robust iPad sales & strong technical action and you have the recipe for a surge above the $600 level. With a test and fail at that level last Thursday and again this morning, it appears the stock may just need to rest for awhile before … Read the rest
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