Apple's stock drops on weak margin forecast in Ternus’ first earnings report
Headline from CNBC · First reported · Updated · 4 sources, 5 articles
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Apple Slides After Earnings
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Apple Slides After Earnings
Apple delivered a mixed outlook to investors, with narrower profit margins overshadowing an upbeat sales forecast. The company predicted revenue growth of 7% to 10% during the holiday season, but warned that gross margins would be thinner than projected. Bloomberg's Ruhell Amin breaks down the…
Apple posts stronger-than-expected revenue in first earnings report for new CEO John Ternus
Result for the company, which earned $30.71bn and exceeded analysts’ expectations, bucked downward trend for tech firms Apple Inc posted stronger-than-expected revenue in the fiscal third quarter, giving John Ternus, the new CEO, an upbeat start to his tenure, which began in September. The solid…
