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Why Is Apple Stock Sliding Nearly 3% Premarket Amid Tech Surge?

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Apple, Inc.’s (NASDAQ:AAPL) fiscal year 2024 first-quarter earnings report presented a mixed picture, prompting apprehensive traders to push the stock lower in premarket trading on Friday.

The company reported first-quarter earnings per share of $2.18 and revenue of $119.6 billion. These figures marked an increase from the year-ago quarter numbers of $117.2 billion and $1.88 per share, respectively, exceeding consensus estimates.

The year-over-year revenue growth …

Full story available on Benzinga.com

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