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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.

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