Why Apple Stock Slumped Today
Apple (NASDAQ: AAPL) is a durably popular company whose stock often rises after the company reports an estimates-beating quarter. That wasn't the case this time; the day after the tech titan reported its latest set of earnings, its share price fell by more than 3%.
In announcing its second quarter of fiscal 2022 results, Apple revealed that it booked $97.3 billion in revenue for the period. That was an all-time record for any of the company's second quarters and represented a 9% improvement over the year-ago figure. Net profit also rose, increasing by nearly 6% to just over $25 billion ($1.52 per share).
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Source Fool.com
