« The Fed's words that got the markets going again | Main | Some Entenmann's history »

Apple shines but declines

On a wild day on Wall Street, Apple had the luck to announce quarterly earnings after the market closed. In keeping with the topsy-turvy day, the highly-scrutinized tech company said its quarterly revenue and earnings were a record. And Macs, iPhones and iPod sales set records.

But still the stock managed to plunge in after hours trading. Why? Because analysts were worried about the company's guidance for the next quarter being below expectations.

--Noel Rubinton

TrackBack

TrackBack URL for this entry:
http://blogs.trb.com/cgi-bin/mt/mt-t.cgi/46373

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)


Please enter the security code you see here

Video