Despite a beat on its Q4 quarterly earnings, Apple shares still managed to take a beating Thursday. Shares are down 7 percent in after-hours trading after the company released its Q4 quarterly earnings report, detailing $62.90 billion in revenue beating analyst expectations of $61.57 billion, with …
Source: techcrunch.com
Apple Inc. (NASDAQ: AAPL) reported Q4 2018 EPS of $2.91, significantly up from $2.07 last year, and beating analysts’ estimates of $2.78. The company’s revenue for the quarter rose 19.6% to $62.90 billion from $52.58 billion last year. Apple expects first quarter revenues to come in between $89 billion to $93 billion. Even after an earnings beat, Apple shares slumped ~7%, closing at a 3 month low on weaker than expected iPhone shipments for the holiday season.
