Apple Inc. (AAPL) Beats Q4 Earnings Estimates: Why Is Stock Down?

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HFA Staff
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Apple Inc. (NASDAQ:AAPL) released its earnings report for the three months through September this afternoon. The company showed earnings ahead of analyst expectations for the three month period, and the rest of its figures appeared to be in line. Stock dropped by more than 2% in after market trading, however, indicating that something is wrong in the market’s estimation. Apple Inc. (NASDAQ:AAPL) showed earnings of $8.26 per share, while consensus estimates from analysts came in at $7.92. The company’s revenue was $37.5, ahead of the $36.8 billion that analysts were expecting from the company. Apple Inc. (NASDAQ:AAPL) recorded 33.8 million…

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The post above is drafted by the collaboration of the Hedge Fund Alpha Team.