econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



posted on 28 July 2016

How Wall Street Reacts To Apples Earnings Reports

by Felix Richter, Statista.com

When Apple reported its quarterly earnings on Tuesday, things were a little different than they have been for the most part of the past decade. And the response of the stock was something that never would have occurred in the past for such an announcement.

Given the weak guidance that Apple gave for the recently completed quarter there were almost no expectations.

During its last earnings report in April, Apple predicted revenue for the June quarter to come in between $41 and $43 billion, down between 13 and 17 percent from the $49 billion the company raked in between April and June 2015. The consensus on Wall Street is that Apple would hit that target range, so when it did, investors weren't overly disappointed.

For the past few years, it has become increasingly difficult for Apple to meet the expectations its own success helped create. In January 2016, the iPhone maker reported the largest quarterly profit of any company in history and saw its stock price drop more than 6% the next day. The fact that the company had narrowly missed expectations in terms of revenue and iPhone sales and given a cautious outlook for the beginning of 2016 was enough to send its shares tumbling.

Given that the June quarter is traditionally on the weaker side and that Apple already warned its investors of an upcoming sales decline, there was a nice bounce in the stock when the earnings came in at the high end of the guidance range. That is completely above the trend line for the previous nine quarters, which would have seen a decline in stock price of more than 6%.. The trend was broken as the stock gained about 5%.

Infographic: How Wall Street Reacts to Apple's Earnings Reports | Statista

You will find more statistics at Statista.

>>>>> Scroll down to view and make comments <<<<<<

Click here for Historical Investing Post Listing










Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.




Econintersect Investing


search_box

Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.


Take a look at what is going on inside of Econintersect.com
Main Home
Analysis Blog
Why Long-Run Theories of Profit and Accumulation Fall Short
Brexit - Who Wins and Loses
News Blog
GOP Healthcare Plan Would Cost The Poor And Old The Most
These Amazing Creative Animals Show Why Humans Are The Most Innovative Species Of All
Earnings And Economic Reports: Week Starting 24 April 2017
What Americans Think About Climate Change
What We Read Today 23 April 2017 - Special Public Edition
What We Read Today 23 April 2017
What Would A Civilization 1 Billion Years Older Than Us Be Like
Understanding The Downward Trend In Labor Income Shares
Why Renegotiating NAFTA Could Disrupt Supply Chains
Public Relations Nightmares
Catch Me If You Can
U.S. Consumer Debt Rises Overall, Housing Debt Drops
Infographic Of The Day: Graphene Is The Game-Changing Material Of The Future
Investing Blog
Markets Rally As Expected
The Week Ahead: Build That Wall!
Opinion Blog
What Does The Strong Q1 Growth Mean For China?
Marx, Orwell And State-Cartel Socialism
Precious Metals Blog
Three Gold Plays For The New Era Of Chaos
Live Markets
21Apr2017 Market Close: US Stocks Slipped Moderately, WTI Crude Slips On Renewed Concerns Of Increasing U.S. Production, Industrial Businesses' Cash Outflows Concern Investors
Amazon Books & More






.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government































 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved