Cowen Downgrades Apple Inc. (AAPL), Cites China Struggles22percent
Shares of Apple are down -7% in premarket trading Wednesday after poor earnings led Cowen analysts to downgrade the stock. During Apple’s third quarter 2015, Apple reported earnings per share of $1.85 on revenue of $49.6 billion. Analysts were forecasting Apple to post earnings per share of $1.81 on $49.43 billion. While Apple was still able to beat analyst forecasts, this quarter represents the thinnest earnings beat since 2013. While the iPhone 6 appeared to be a success out . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible