Apple beats on Q4 earnings thanks to price hikes, stock still falls 4% after-hours

Apple beats on Q4 earnings thanks to price hikes, stock still falls 4% after-hours

6 years ago
Anonymous $yysEBM5EYi

https://techcrunch.com/2018/11/01/apple-beats-on-q4-earnings-thanks-to-price-hikes-stock-still-falls-4-after-hours/

Despite a beat on its Q4 quarterly earnings, Apple shares still managed to take a beating Thursday.

Shares are down 4+ percent in after-hours trading after the company released its Q4 quarterly earnings report, detailing $62.90 billion in revenue beating analyst expectations of $61.57 billion, with earnings per share hitting $2.91 beating an expected $2.78 EPS. The results represent a 20 percent year-over-year growth in revenues at the company.