1. Home
  2. Earnings Beat
  3. Why Is Apple Stock Sliding Nearly 3% Premarket Amid Tech Surge?

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

2
0

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

Visited 2 times, 1 visit(s) today