Apple beat Wall Street’s profit and sales forecasts in John Ternus’ first quarter as CEO. Its shares still slipped about 1% in after-hours trading, while sales in Greater China fell short.
Apple earned $2.10 per share on revenue of $114.5 billion, up 12% from a year earlier. Analysts had expected about $2.00 and $113.4 billion.
The stock closed at $338.32 on Monday, down 1.83%, then dipped to $335.00 after the report. Options traders had priced a swing of about 3.5%, per Pepperstone.
Where Did Apple Beat and Where Did It Miss?
Apple’s results kicked off a busy Wall Street week. However, of the two things investors were watching to move price:
One-off tariff refunds added $0.05 to…
