LOL, BS. Apple got rocked their last earnings because their 2Q earnings estimate was 20 cents lower than analysts expected.
If my memory serves me correct they beat by .14 Last quarter. I am not at my own computer but I will verify later.
Yes, they beat their earnings estimate for the quarter BUT their forward looking earnings estimate for the 2nd quarter was twenty cents lower than analysts expected, which is why they sold off.
That sure didn't help however if they would have beat by .25 they wouldn't have sold off. the only reason being, The company's guidance usually comes at or under certain targets and is deemed overly conservative.
Good job stock_trad3r, AMZN = turd play AAPL = turd play TXN = turd play VMW = turd play Should you be a contrarian indicator now or what?
i feel sorry for the people who had options prior to this. well i don't but damn they are about to collapse
You can thank apple for guiding lower again. Thats one of the worst things you can do...guide lower. otherwise it would probably be up 8 bucks This was a tough earnings season. Many stocks such as GE ISRG NFLX got destroyed. AAPL is up though in premarket