Apple posts $114.5B quarter that beat estimates, and the stock slid anyway
Apple turned in stronger-than-expected Q3 earnings with quarterly revenue of $114.5 billion, according to @KobeissiLetter. The catch: $AAPL shares still drifted lower. A beat on the books, a dip on the tape.
Apple delivered the beat, and the market didn't bite. The company posted quarterly revenue of $114.5 billion, coming in stronger than analysts had expected, per @KobeissiLetter. Yet $AAPL shares drifted lower on the news.
That's the whole twist in the report: good numbers, soft stock. Revenue cleared expectations at $114.5 billion for the quarter, and investors still leaned toward the exits.
A beat that doesn't buy a rally is its own kind of signal, and this one landed squarely in that category. The report from @KobeissiLetter didn't include additional figures beyond the revenue number, leaving the revenue-to-share-price gap as the headline.
For now, the takeaway is simple: Apple's quarter beat the bar, and the tape said otherwise. Where $AAPL settles from here is the number to watch.
TopicsApple · AAPL · Kobeissi Letter
Source: x.com
Written by Paparazzi with AI. Not financial advice.
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