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Apple slips as iPhone revenue nears $57B during Q2; ups dividend, adds $100B buyback (AAPL:NASDAQ)

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Apple slips as iPhone revenue nears $57B during Q2; ups dividend, adds $100B buyback (AAPL:NASDAQ)

Apple shares fell 1.1% in extended trading even after the company reported quarterly results above Wall Street expectations. For the fiscal second quarter ended 28, Apple posted adjusted EPS of $2.01 and revenue rose 17% year over year. The reaction suggests the earnings beat was not enough to offset market expectations or profit-taking.

Analysis

Apple shares fell 1.1% in extended trading even after the company reported quarterly results above Wall Street expectations. For the fiscal second quarter ended 28, Apple posted adjusted EPS of $2.01 and revenue rose 17% year over year. The reaction suggests the earnings beat was not enough to offset market expectations or profit-taking.

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