| | | Apple up about $4.5 AH at the moment. AMD up about $1.
Apple stock gains after earnings, though outlook falls short of expectations
MARKETWATCH 4:36 PM ET 1/29/2019
Symbol Last Price Change |
| AAPL | 154.68 | -1.62 (-1.04%) | | QUOTES AS OF 04:15:00 PM ET 01/29/2019 |
Apple Inc. (AAPL) shares were up 1.7% in after-hours trading Tuesday after the company saw December-quarter revenue decline from a year earlier and posted a weaker-than-expected forecast. The company reported fiscal first-quarter net income of $20 billion, or $4.18 a share, compared with $20.1 billion, or $3.89 a share, a year earlier. Apple(AAPL) posted revenue of $84.3 billion, in line with its preannouncement from early January that called for $84 billion in revenue for the quarter. A year ago, Apple(AAPL) reported $88.3 billion in revenue. The company generated $52 billion in revenue from the iPhone business and $10.9 billion in revenue from its services segment. That compares with $61.6 billion and $8.5 billion, respectively, for those two areas of the business a year earlier. Greater China accounted for $13.2 billion in revenue during the holiday quarter, compared with $18 billion in the year-ago period. Apple(AAPL) expects March-quarter revenue of $55 billion to $59 billion, whereas analysts had been calling for $59 billion. Apple(AAPL) shares have tumbled 27% over the past three months, while the Dow Jones Industrial Average , of which Apple(AAPL) is component, has risen 0.6%.
-Emily Bary; 415-439-6400; AskNewswires@dowjones.com |
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