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Wall Street hammers Apple stock in afterhours trading
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MacNN Staff
Join Date: Jul 2012
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Jul 24, 2012, 03:23 PM
 
Apple stock has already fallen roughly $30 in afterhours trading, following the announcement of the company's third-quarter results. Although it was hovering around the $600 mark at 5PM Eastern time, at 5:30 that figure plummeted to roughly $570. It continues to sit at that level as of this writing.

The tumble is likely connected to the company's revenue and EPS numbers. While Apple grew revenue 23 percent year-over-year to $35 billion, generating $9.32 in EPS, the Wall Street consensus prediction was $37.2 billion in revenue with $10.35 in EPS. Apple rarely disappoints analysts, which may have been an excuse for a number of investors to sell off their shares.
     
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Jul 24, 2012, 03:43 PM
 
You can never please analysts. Microsoft lost money and their stock went up. Apple made a lot of money and their stock crashed. It's a stupid game these people play and I wish they were only playing with their money instead of everyone else's. Apple is sitting just fine and a whole lot better than any other tech company. Maybe Wall Street needs to get out of their ivory towers and see what's actually happening in the world instead of downing energy drinks and messing up the world.
     
cgc
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Jul 24, 2012, 03:44 PM
 
Yup...nice post there auto spam bot.

MODERATORS: This guy only posts financial news and other BS...can you block him and make a rule where accounts that post X posts in Y minutes are reviewed?
     
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Jul 24, 2012, 04:00 PM
 
I don't want to hear any more chatter from the Apple bulls about anything Apple is doing for the rest of the year. The Apple independent analysts should all be tossed off a short pier for being completely wrong about Apple's numbers. They're just a bunch of useless numbers pushers who have nothing at stake.
     
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Jul 24, 2012, 05:59 PM
 
Originally Posted by cgc View Post
Yup...nice post there auto spam bot.
MODERATORS: This guy only posts financial news and other BS...can you block him and make a rule where accounts that post X posts in Y minutes are reviewed?
Do you mean NewsPoster? NewsPoster is the official MacNN spambot.
     
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Jul 25, 2012, 08:26 AM
 
Odd lemming effect by traders
     
cgc
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Jul 25, 2012, 03:48 PM
 
Originally Posted by Wiskedjak View Post
Do you mean NewsPoster? NewsPoster is the official MacNN spambot.
Yes, NewsPoster is annoying and I still want it banned. "If it bleeds, we can kill it!"
     
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Jul 26, 2012, 07:43 AM
 
No, we can't ban NewsPoster.
     
cgc
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Jul 26, 2012, 10:47 AM
 
Originally Posted by andi*pandi View Post
No, we can't ban NewsPoster.
It's as annoying and useless as a real spammer. Could it's content be relegated to some place other than the forums?
     
   
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