Neutral
Apple's Q3 earnings beat estimates, but shares fell 4% due to weak revenue guidance.
Apple reported stronger-than-expected earnings for the quarter ending June 2026, driven in part by tariff refunds. However, the company's shares declined approximately 4% in after-hours trading due to weaker-than-expected revenue guidance for the upcoming quarter.
Key points
- Apple reported earnings of $2.02 per share on revenue of $109.4 billion, a 16% increase year-over-year.
- Despite the strong quarter, Apple’s shares dropped approximately 4% in after-hours trading following the earnings release.
- Apple anticipates revenue growth of 9% to 11% in the upcoming quarter, despite challenges such as foreign exchange headwinds and increased supply constraints.
Sources
AI-generated from public news sources. Not financial advice.
