Why Apple Stock Is Sliding After Hours Today
Apple (NASDAQ: AAPL) delivered powerful, estimates-trouncing results with its latest earnings release, published after market hours on Tuesday. But investors weren't satisfied, and showed their displeasure by trading the stock down slightly in post-market action.
In Apple's Q3, the tech industry giant booked net sales of just over $84.3 billion, a 36% year-over-year improvement driven largely by stronger product sales (particularly of its 5G-compatible iPhone 12 line).
As for net profit, it doubled and then some, to $21.7 billion ($1.30 per diluted share) for the period, against the year-ago result of almost $11.3 billion.
Source Fool.com
