Logitech Earnings: LOGI Stock Sinks Despite Q4 EPS, Sales Beat Logitech Earnings: LOGI Stock Sinks Despite Q4 EPS, Sales Beat

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Logitech (NASDAQ:LOGI) reported its latest quarterly earnings results today, bringing in earnings and revenue that were ahead of what analysts called for in their consensus estimate, yet LOGI stock took a step back today.

Logitech EarningsThe Lausanne, Switzerland-based tech company — which makes keyboards, webcams and more computer accessories — said that for its fourth quarter of the last fiscal year, it posted net income of $42.1 million, or 25 cents per share. When adjusted for stock option expenses and non-recurring costs, the company’s earnings tallied up to roughly 38 cents per share.

This amount was stronger than what Wall Street projected in its guidance as three analysts surveyed by Zacks Investment Research called for Logitech to amass adjusted earnings of 30 cents per share. The company added that for the last three months of the year, it raked in revenue of $624.3 million.

This figure was also stronger than the Wall Street guidance as three analysts who were surveyed by Zacks predicted the company would bring in sales of $619.4 million. For the fiscal year, Logitech said it brought in a profit of $257.6 million, which roughly tallied up to $1.52 per share.

Revenue for the fiscal year came in at $2.79 billion for the Swiss tech company.

LOGI stock is down about 7.7% during regular trading hours today despite the company’s strong fourth-quarter performance from its earnings and revenue standpoints. Shares were largely unmoved after the bell Tuesday.

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All Eyes on the Fed and US Dollar Tomorrow

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USD CURRENCY VOLATILITY & FEDERAL RESERVE – TALKING POINTS:

  • USD overnight implied volatility skyrockets to its highest reading in over a month to 8.73 percent while the DXY US Dollar Index recedes from its recent top at 98.33, a price level not seen since May 2017
  • Traders will closely look for key insight from the Federal Reserve tomorrow as markets digest the latest FOMC interest rate decision and follow-up commentary from Chair Jerome Powell on Fed policy and the US economy
  • Take a look at this article for information on the How to Trade the Top 10 Most Volatile Currency Pairs or download the free DailyFX 2Q USD Forecast for comprehensive fundamental and technical insight on the US Dollar over the second quarter

Currency market volatility has begun to rebound from the unprecedented lows experienced by traders lately. Judging by the DXY US Dollar Overnight Implied Volatility Index, forex price action appears to be trending higher. In fact, the metric has jumped to 8.73 percent, its highest level since March 20, ahead of the Federal Reserve’s FOMC meeting tomorrow.

DXY US DOLLAR OVERNIGHT IMPLIED VOLATILITY INDEX PRICE CHART: DAILY TIME FRAME (APRIL 02, 2018 TO APRIL 30, 2019)

If Fed Chair Powell touts Friday’s US GDP report and other positive economic developments, it could reduce rate cut bets which are currently pricing a 67 percent probability that the Federal Reserve lowers its policy interest rate by 25 basis points before the end of the year.

On the contrary, if the Fed reiterates a patient approach and focuses on downside market risks, the odds that the FOMC decides to cut rates could be expected to move higher which would likely weigh negatively on the US Dollar.

DXY US DOLLAR INDEX PRICE CHART: DAILY TIME FRAME (AUGUST 30, 2018 TO APRIL 30, 2019)

DXY Index Price Chart Currency Volatility Trading Range before FOMC Fed Meeting

The US Dollar advanced steeply throughout April and notched its highest close since May 2017 before pulling back over the last few days. Now, the greenback’s next direction hinges largely on the relative dovish or hawkish tone from the Fed tomorrow.

That being said, the DXY Index is estimated to trade between 97.07 and 97.97 with a 68 percent statistical probability judging by US Dollar overnight implied volatility. Downside could be limited by trendline support, however, which happens to align with the 20-day moving average and 23.6 percent Fibonacci retracement level as well.

FOREX MARKET IMPLIED VOLATILITY AND TRADING RANGES

Implied currency market volatility EURUSD, USDJPY, GBPUSD, USDCHF, NZDUSD, AUDUSD, USDCADForex implied volatility USD, EUR, JPY, NZD, AUD, CHF, CAD, GBP

Currency pairs worth watching over the next 24-hours highlights EURUSD and USDJPY. The Euro just reclaimed the 1.1200 level against the US Dollar following the Eurozone’s relatively upbeat GDP report released during Tuesday’s session.

Looking to the Japanese Yen, USDJPY should be closely monitored as Japan’s financial markets remain closed in observation of its Golden Week – the lack of liquidity raises JPY flash crash risk.

Here are some additional US Dollar Price Action Setups ahead of tomorrow’s FOMC meeting and Friday’s Nonfarm Payroll Report by DailyFX Currency Strategist James Stanley.

FOREX ECONOMIC CALENDAR – USD

Forex economic calendar US Dollar April 2019 Federal Reserve FOMC Meeting

Visit the DailyFX Economic Calendar for a comprehensive list of upcoming economic events and data releases affecting the global markets.

Prior to the Fed tomorrow, the ADP Change in Employment and ISM Manufacturing Index will be released at 12:15 GMT and 14:00 GMT respectively.Although the market’s reaction to the Fed will largely dictate tomorrow’s price action, these economic indicators have potential of setting the tone for trader sentiment and risk appetite during Wednesday’s session.

TRADING RESOURCES

Whether you are a new or experienced trader, DailyFX has multiple resources available to help you: an indicator for monitoring trader sentiment; quarterly trading forecasts; analytical and educational webinars held daily; trading guides to help you improve trading performance, and even one for those who are new to FX trading.

– Written by Rich Dvorak, Junior Analyst for DailyFX

– Follow @RichDvorakFX on Twitter

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2019-04-30 23:30:00

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FireEye Earnings: FEYE Stock Dips as Q1 Loss Widens Y2Y FireEye Earnings: FEYE Stock Dips as Q1 Loss Widens Y2Y

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FireEye (NASDAQ:FEYE) announced its quarterly earnings results for its first three months of its fiscal 2019, amassing a loss that was wider than analysts expected, while its revenue topped the mark slightly, yet FEYE stock was down more than 3% after hours.

FireEye EarningsThe Milpitas-based cybersecurity business said that for its first quarter of the year, it posted a loss of $75.4 million, or 38 cents per share. The figure was 4.8% wider when compared to the same amount during the company’s year-ago quarter, when it lost $71.8 million, or 39 cents per share.

FireEye added that on an adjusted basis, it posted a loss of 3 cents per share, which is in line with the company’s own adjusted loss forecast that was between a loss of 4 cents and 2 cents per share. Analysts were calling for the company to bring in an adjusted loss of 3 cents per share, according to data compiled by FactSet.

The company’s sales tallied up to $210.5 million, which is about 5.7% higher than it was during the year-ago quarter, when it raked in $199.1 million in revenue. FireEye predicted it would bring in revenue in the range of $208 million to $212 million, while analysts saw this figure at $210.2 million, according to FactSet.

“We grew in every geography, everything kind of did what we expected,” FireEye CEO Kevin Mandia said in an interview. “We launched Expertise On Demand. I do believe most security folks like a backstop that’s a click away and it was our first quarter of having that.”

FEYE stock fell 3.9% after hours. Shares had gained 1.3% during regular trading.

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NZD/USD Falls on Mixed Employment Data – Eyeing FOMC Ahead

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The New Zealand Dollar fell after mixed unemployment data crossed the wires. Up next, NZD will be tensely watching the FOMC meeting.

2019-04-30 22:50:00

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Short-term technical analysis of EURUSD for April 30, 2019

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EURUSD has reached our first short-term target at 1.12 and is trading above it but below short-term trend line resistance. Medium-term trend remains bearish as long as price is below 1.13-1.1350.

Red line – support

Blue line – short-term resistance trend line

Black line – major resistance trend line

EURUSD has bounced as expected towards 1.12. Price has reached the 50% Fibonacci retracement and just below the blue short-term trend line resistance. A rejection at current levels will open the way for a move back to 1.11. RSI has not reached overbought levels yet and this implies that we may see this short-term bounce continue higher. Breaking above 1.1250 will open the way for a move towards 1.13-1.1330 where we find major trend resistance.

The material has been provided by InstaForex Company – www.instaforex.com
2019-04-30 20:01:49



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Twilio Earnings: TWLO Stock Increases on Strong Q1 EPS, Sales Twilio Earnings: TWLO Stock Increases on Strong Q1 EPS, Sales

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Twilio (NYSE:TWLO) unveiled its latest quarterly earnings results late on Monday, bringing in a profit that was stronger than what analysts called for, while its revenue also impressed, playing a role in lifting TWLO stock more than 2% after hours.

Twilio Earnings

The cloud communications business, based out of the Bay Area in California, said that for its first quarter of 2019, it brought in a net loss of $36.5 million, or 35 cents per share. This figure was roughly 54% wider than the company’s loss from the same period in 2018, when it lost $23.7 million, or 25 cents per share.

Twilio added that, on an adjusted basis when considering stock-based compensation and other items, it amassed earnings of 5 cents per share. Analysts were calling for the business to bring in adjusted earnings of roughly a penny per share, according to data compiled by FactSet.

The company also raked in sales of $233.1 million, which is roughly 80.6% higher than the organization’s revenue from the same period in 2018, when it gained $129.1 million. The Wall Street consensus estimate called for Twilio to bring in revenue of $223.7 million, according to data posted by FactSet

For its second quarter of 2019, analysts predict an adjusted profit of 2 cents per share and sales of $253 million, while Twilio calls for adjusted earnings of 2 cents to 3 cents per share, as well as revenue in the range of $262 million to $265 million.

TWLO stock is up roughly 2.3% after the bell today as the company’s earnings were stronger than what analysts called for. Shares had been up 0.9% during regular trading Tuesday for Twilio ahead of the company’s results.

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US Dollar Price Action Setups Ahead of FOMC, NFP

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Forex Talking Points:

– If you’re looking to improve your trading approach, our Traits of Successful Traders research could help. This is based on research derived from actual results from real traders, and this is available to any trader completely free-of-charge.

– If you’re looking for a primer on the FX market, we can help. To get a ground-up explanation behind the Forex market, please click here to access our New to FX Trading Guide.

If you’d like to sign up for our webinars, we host an event on Tuesday and Thursday, each of which can be accessed from the below links:

Tuesday: Tuesday, 1PM ET

Thursday: Thursday 1PM ET

US Dollar: Stage Set for FOMC, NFP

This is one of the more exciting backdrops that we’ve had around the US Dollar in some time. The currency put in a bullish breakout last week to set a fresh 22-month high. And potential for bullish continuation even looked attractive coming into this morning, but bears have continued to push and prices have put in the makings of a reversal from a false breakout, setting the stage for a fairly exciting three-day-span on the economic calendar.

Tomorrow brings the FOMC, Thursday brings the Bank of England’s Super Thursday rate decision, and Friday brings the big one with Non-Farm Payrolls. The big question is whether USD-bulls can get back in the driver’s seat after this week’s pullback, and I looked into that along with quite a bit more in this price action webinar.

US Dollar Pulls Back to S2 Zone as Bulls Pull Back from the Bid

Perhaps its just some position squaring after last week’s breakout, but bulls have continued to step back from the bid so far in this week’s trade. The first support zone followed in DXY helped to hold yesterday’s low, and the ‘s2’ zone has come into play to help mark today’s low. But, as looked at on shorter-term charts, sellers have continued to push and it looks as though there may be a continued pullback ahead of tomorrow’s FOMC rate decision.

This highlights support potential around the 97.20-97.30 area on the charts. A bit deeper offers another zone of potential around 96.75-97.90.

US Dollar Four-Hour Price Chart

Chart prepared by James Stanley

EUR/USD Tests Key 1.1212 Level

This is a big item of interest across FX markets at the moment, as EUR/USD has also pulled back from last week’s breakout. The primary difference is one of context, as EUR/USD is testing resistance around the prior area of support. A hold of resistance here, with a daily close inside of the Fibonacci level at 1.1212 can keep the door open for short-side continuation strategies. There are another two areas of resistance potential above, although the bearish trend theme wouldn’t be as attractive; but those exist around 1.1250-1.1262 and the area around 1.1325.

EUR/USD Four-Hour Price Chart

eur/usd eurusd four hour price chart

Chart prepared by James Stanley

GBP/USD Bulls Make Their Mark

Similarly, last week’s bearish breakout in GBP/USD has come into question, and the big difference from EUR/USD above is the fact that buyers have continued to push beyond resistance potential at that prior area of support. This can make the pair a bit more attractive for short-USD thesis, and traders looking to institute bearish strategies should be a bit more cautious given the aggressiveness with which buyers have been pushing so far today. But – there is resistance potential at prior areas of interest around 1.3087-1.3117 and 1.3181-1.3187. A bullish break back-above 1.3200 puts the bearish theme into question.

GBP/USD Four-Hour Price Chart

gbpusd gbp/usd four hour price chart

Chart prepared by James Stanley

USDCAD Continued Reversal Potential

On the short side of the US Dollar, USD/CAD remains compelling. The pair posted up to resistance last week around the 1.3500 handle, and that’s since come into help hold the highs. The complication at this point would be chasing the move lower after bearish price action has begun to build. In the webinar, I look at how traders could play short-term pullbacks to re-open the door for bearish setups.

USDCAD Four-Hour Price Chart

usdcad usd/cad four hour price chart

Chart prepared by James Stanley

USD/CHF: Time to Flip?

I had looked at the short-side of USD/CHF coming into this week, trying to catch a reversal off of two-year-highs. But, as we were looking at this in the webinar, I started to ponder an early exit, which is abnormal for me. The issue here is that the US Dollar has put an impressive pullback. But USD/CHF is just blinking while remaining near resistance, highlighting a really weak Swiss Franc. This doesn’t seem the most opportune spot to look for USD-reversals given the lack of movement that’s shown so far, dissimilar to USD/CAD above.

USD/CHF Four-Hour Price Chart

usd/chf four hour price chart

Chart prepared by James Stanley

AUD/USD Range Potential Remains

Also of interest for short-USD scenarios is a continued hold of support in AUD/USD. The .7000 big figure came into play last week and, since then, buyers have helped to hold the lows in the pair. Prices are currently struggling in the prior support zone from .7050-.7075, and this could be a theme to watch ahead of FOMC tomorrow as a push above that .7075 level can re-open the door to short-term bullish trend strategies, looking to fill-in the longer-term range. This could offer target potential in the zones from .7125-.7150 and again from .7185-.7206.

AUD/USD Four-Hour Price Chart

audusd aud/usd four hour price chart

Chart prepared by James Stanley

US Oil Rallies and Turns on Venezuelan Coup Attempt

It’s been a really busy day for Oil traders. WTI came into the week holding a zone of support around the ‘s1’ area that I’ve been following. Prices soon started to rally and that theme hit fever pitch this morning on news of a reported coup in Venezuela, at which point prices soon jumped towards resistance. But, the same 64.77 level that was in play earlier this month came back into the picture, and prices soon pushed-lower, making for a volatile showing so far today.

This sets the stage for the rest of the week, in which considerable motive will remain on both sides of the matter given the heavy economic calendar outlay. Support potential could be sought from 61.58-61.87 and a bit-lower, from 60-60.35.

US Oil Four-Hour Price Chart

us oil four hour price chart

Chart prepared by James Stanley

To read more:

Are you looking for longer-term analysis on the U.S. Dollar? Our DailyFX Forecasts for Q4 have a section for each major currency, and we also offer a plethora of resources on USD-pairs such as EUR/USD, GBP/USD, USD/JPY, AUD/USD. Traders can also stay up with near-term positioning via our IG Client Sentiment Indicator.

Forex Trading Resources

DailyFX offers an abundance of tools, indicators and resources to help traders. For those looking for trading ideas, our IG Client Sentiment shows the positioning of retail traders with actual live trades and positions. Our trading guides bring our DailyFX Quarterly Forecasts and our Top Trading Opportunities; and our real-time news feed has intra-day interactions from the DailyFX team. And if you’re looking for real-time analysis, our DailyFX Webinars offer numerous sessions each week in which you can see how and why we’re looking at what we’re looking at.

If you’re looking for educational information, our New to FX guide is there to help new(er) traders while our Traits of Successful Traders research is built to help sharpen the skill set by focusing on risk and trade management.

— Written by James Stanley, Strategist for DailyFX.com

Contact and follow James on Twitter: @JStanleyFX

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2019-04-30 19:57:00

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Advanced Micro Devices Earnings: AMD Stock Surges on Q1 Sales Beat Advanced Micro Devices Earnings: AMD Stock Surges on Q1 Sales Beat

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Advanced Micro Devices (NASDAQ:AMD) unveiled its latest quarterly earnings results after hours today, bringing in results that handily topped what analysts called for, helping to lift AMD stock late on Tuesday.

Advanced Micro Devices EarningsThe Santa Clara, Calif.-based chipmaker said that for its first quarter of its fiscal 2019, it brought in adjusted earnings of 6 cents per share, which is stronger than the 5 cents per share that the Wall Street consensus estimate called for, according to a survey of analysts conducted by Bloomberg.

Advanced Micro Devices also said that its revenue for the first three months of the fiscal year tallied up to $1.27 billion, coming in ahead of the $1.26 billion that the Wall Street guidance projected. The company said its revenue from the Computing and Graphics segment experienced a decline of 26% year-over-year to $831 million.

The business said the decline was caused in part to lower graphics channel sales, yet it was offset by higher client processor and datacenter GPU sales. “We delivered solid first quarter results with significant gross margin expansion as Ryzen and EPYC processor and datacenter GPU revenue more than doubled year-over-year,” AM CEO Lisa Su said in a statement.

“We look forward to the upcoming launches of our next-generation 7nm PC, gaming and datacenter products which we expect to drive further market share gains and financial growth,” she added.

AMD stock is up about 4.8% after the bell on Tuesday off the heels of a strong quarterly earnings performance for the business. Shares had been declining 0.2% during regular trading hours today.

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AAPL Stock Soars After Earnings Beat, Looks to Bolster Nasdaq

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AAPL, AMD Earnings Talking Points:

  • Apple (AAPL) announced a substantial buyback plan, continuing the trend from recent quarters
  • Advanced Micro Devices (AMD) narrowly beat expectations but saw its stock price pop 7%
  • Wednesday’s FOMC rate decision will now be the focus of traders as the central bank looks to offer insight on its policy path after strong US GDP in the first quarter

Stock Market Update: GE, GM Earnings Recap, AAPL and AMD Ahead

Apple delivered strong quarterly results after Tuesday’s close, avoiding another miss from a FAANG member after Google missed the day prior. Similarly, AMD beat out Wall Street estimates. As a key player in the semiconductor space, AMD will look to join AAPL in bolstering the Nasdaq after it slumped in Tuesday trading compared to its more diversified counterparts.

AAPL Stock Soars After Earnings Beat, Looks to Bolster Nasdaq

AAPL Earnings Recap

After a cut to their earnings outlook caused a USDJPY Flash Crash, Apple looks to have righted the ship. Despite lower forecasts, traders were thrilled to see the strong performance and pushed the stock 5% higher in after-hours trading. Earnings per share read in at $2.46 on $58 billion in revenue – higher than the expected $2.37 EPS on $57.5 billion in revenue expected.

Apple (AAPL) Stock Price Chart: Daily Time Frame (January – 2019) (Chart 1)

AAPL stock price after earnings

Outside of the two headline figures, an announcement to buyback $75 billion worth of shares likely buoyed price – but could be indicative of broader economic illness. Buybacks have been a point of contention in recent months, ranging from economists who are wary of current stock market valuations to politicians in Washington that question their economic fairness.

AAPL Stock Soars After Earnings Beat, Looks to Bolster Nasdaq

Either way, one thing is clear. Flush with cash, Apple has shelled out considerable capital on share repurchases and is now responsible for 12 of the 20 record-quarter buybacks according to data from S&P Global. Apple’s actions play into the larger theme of growth concerns as companies are frequently unable to find efficient uses of capital and invest in themselves, effectively inflating stock valuations. While the ramifications of elevated share repurchases may eventually weigh on investor sentiment, Wednesday’s session will look to more immediate developments.

Check out our Second Quarter forecasts for the S&P 500, Dow Jones, Gold and more.

AMD Earnings Recap

Contributing another strong performance to the season, AMD offered $0.06 EPS on $1.27 billion in revenue – compared to analyst expectations of $0.05 and $1.26 billion respectively. Although narrow, the beat was accompanied by a rally in AMD’s share price. Immediately following the release, AMD jumped 7% but remained within its implied price range – probing trendline resistance around $29.25.

AMD Stock Price Chart: Daily Time Frame (December 2018 – April 2019) (Chart 2)

AMD stock price chart earnings

Check out the Technical Forecast for the S&P 500, Dow Jones, DAX 30, and FTSE 100.

With the risk of an abysmal report from AAPL in the rearview, traders will now await Wednesday’s FOMC rate decision. Ahead of the event, check out a variety US Dollar trade set ups and view our Economic Calendar for all upcoming events in the week ahead.

–Written by Peter Hanks, Junior Analyst for DailyFX.com

Contact and follow Peter on Twitter @PeterHanksFX

Read more: USDCAD’s Failed Breakout Attempt Hinges on Next Crude Oil Price Move

DailyFX forecasts on a variety of currencies such as the US Dollar or the Euro are available from the DailyFX Trading Guides page. If you’re looking to improve your trading approach, check out Traits of Successful Traders. And if you’re looking for an introductory primer to the Forex market, check out our New to FX Guide.


2019-04-30 21:45:00

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Apple Earnings: AAPL Stock Surges as Q2 Earnings Decline, Top Estimate Apple Earnings: AAPL Stock Surges as Q2 Earnings Decline, Top Estimate

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Apple (NASDAQ:AAPL) reported its latest quarterly earnings results late today, bringing in a profit that came in ahead of what analysts called for despite falling year-over-year, propelling AAPL stock to increase more than 5% after hours.

Apple Earnings

Source: Shutterstock

The Cupertino, Calif.-based tech giant announced that for its second quarter of its fiscal 2019, it brought in net income of $11.6 billion, or $2.46 per share. The figure marked a 15.9% decline when compared to its year-ago net income of $13.8 billion, or $2.73 per share.

However, Apple’s earnings did top the Wall Street consensus estimate of $2.36 per share, according to data compiled by FactSet on its survey of analysts. The company’s revenue tallied up to $58 billion, which marked a decline of 5% when compared to its sales of $61.1 billion when compared to its year-ago quarter.

The revenue did beat the $57.5 billion that Wall Street called for in its consensus estimate, according to a survey of analysts of FactSetApple added for the period, it brought in $5.5 billion in Mac revenue, $4.9 billion in services revenue, $5.1 billion in wearables and home revenue, as well as $11.5 billion in services revenue.

The company also announced that its board gave the green light for an additional $75 billion in share repurchases, as well as a 5% increase to its dividend, meaning its new quarterly dividend will be 77 cents per share. The company has ceased to report its iPhone units sales, but iPhone revenue met the Wall Street outlook at $31.1 billion, according to FactSet.

AAPL stock fell about 5.3% after the bell on Tuesday following the company’s impressive quarterly earnings showing. Shares had been down about 1.9% during regular trading hours.

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