Apple (AAPL) Lower as Tech Peers Miss; Time to Buy Into Q3 Tape? (GOOG) (MSFT)
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Price: $168.00 --0%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 0.5%
Revenue Growth %: -4.1%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 0.5%
Revenue Growth %: -4.1%
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Apple (Nasdaq: AAPL) is unsurprisingly lower in after-hours trading Thursday.
The move is stemming from tech peers posting less-than-astonishing quarterly numbers. For example, Microsoft Corp. (Nasdaq: MSFT) reported adjusted EPS of 66 cents with revenue of $19.9 billion, while the Street was looking for EPS of 75 cents and richer revs of $20.7 billion. For more from Microsoft's report, click here.
Also, Google (Nasdaq: GOOG) posted EPS of $9.56 and revenue of $14.1 billion, while consensus views were looking for EPS of $10.78 and revs of $14.4 billion.
Faring bad, but off of earlier lows is Advanced Micro Devices (NYSE: AMD). The company reported a better-than-expected loss of 9 cents per share with revenue of $1.16 billion, but is still down as Google and Microsoft slump.
With analysts seeing plenty of upside for Apple when it reports quarterly results next week, is a potential move lower on Friday a buying opportunity into the tape? Wells Fargo comments are here, while Barclays comments can be found here.
Shares are down about one-quarter percent Thursday night.
The move is stemming from tech peers posting less-than-astonishing quarterly numbers. For example, Microsoft Corp. (Nasdaq: MSFT) reported adjusted EPS of 66 cents with revenue of $19.9 billion, while the Street was looking for EPS of 75 cents and richer revs of $20.7 billion. For more from Microsoft's report, click here.
Also, Google (Nasdaq: GOOG) posted EPS of $9.56 and revenue of $14.1 billion, while consensus views were looking for EPS of $10.78 and revs of $14.4 billion.
Faring bad, but off of earlier lows is Advanced Micro Devices (NYSE: AMD). The company reported a better-than-expected loss of 9 cents per share with revenue of $1.16 billion, but is still down as Google and Microsoft slump.
With analysts seeing plenty of upside for Apple when it reports quarterly results next week, is a potential move lower on Friday a buying opportunity into the tape? Wells Fargo comments are here, while Barclays comments can be found here.
Shares are down about one-quarter percent Thursday night.
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