Apple Computer reported record firstquarter earnings in a particular year. Apple earned 68 cents a share, up
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Apple Computer reported record first‐quarter earnings in a particular year. Apple earned 68 cents a share, up from 37 cents a share in the same period a year earlier. Nevertheless, its shares dropped 3.4 percent in after‐hours trading. Why? The announced earnings were less than Wall Street expectations.
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Apples stock price dropped in afterhours trading despite record earnings because the announced earni...View the full answer
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Related Book For 
Investments Analysis And Management
ISBN: 9781118975589
13th Edition
Authors: Charles P. Jones, Gerald R. Jensen
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