MarketWatch First Take
While continuing to avoid official guidance, execs indicate a third straight quarter of declining revenue is on the way, which Apple hasn’t experienced for nearly seven years
Apple Inc. reported fiscal second-quarter earnings Thursday afternoon, and the only guidance provided by executives suggested a third consecutive quarterly sales decline is on its way.
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Apple Inc.’s investors showed enthusiasm after the company beat on earnings Thursday and announced billions more dollars on their way to shareholders, but they may have missed some important guidance.
Apple AAPL shares gained more than 2% in after-hours trading Thursday, as iPhone sales grew unexpectedly and analysts heaped praise on the most valuable U.S. company — Dan Ives of Wedbush Securities called the earnings “LeBron-like results,” referring to basketball legend LeBron James, while CFRA Research’s Angelo Zino called…
