Apple’s earnings disappoint. The stock falls $30 after-hours

July 24, 2012 Posted By: Leave a comment
Reports profits of $8.8 billion on sales of $35 billion. Wall Street was looking for $37 billion.

FORTUNE -- Apple (AAPL) did a rare thing Tuesday: It disappointed Wall Street.

Although its earnings came in ahead of its (typically) low guidance and CEO Tim Cook declared himself "thrilled with record sales of 17 million iPads in the June quarter,"...

Subscribe to Applenews247.Com Newsletter

Leave a Reply

Your email address will not be published. Required fields are marked *

*

CAPTCHA Image

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>