NEW YORK (TheStreet) — Shares of Apple fell in late trades Tuesday after the iconic gadget maker missed Wall Street’s expectations for its fiscal third-quarter results on both the top and bottom lines and gave weak guidance.
The stock was last quoted at $570, down 5.2%, on after-hours volume of nearly 2.7 million, according to Nasdaq.com.
After blowing past consensus views last quarter, the Cupertino, Calif.-based company reported earnings of $9.32 per share on revenue of $35.02 billion for the three months ended in June. Analysts polled by Thomson Reuters were expecting a profit of $10.37 per share on revenue of $37.18 billion. …
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Read more here: Apple Shares Drop on Third-Quarter Miss
