AAPL shares fell 0.5% in after-hours trading to $174.99, as investors remained cautious ahead of the company's earnings report. The decline was largely in line with the overall market, as the NASDAQ closed down 0.2% and the S&P 500 ended up 0.1%. The DOW also rose 0.2%, with 23 of its 30 components closing higher.
What's Happening Right Now
The biggest US winners today included MSFT, which rose 1.4% to $342.12, and GOOGL, which gained 1.1% to $2,934.14. On the other hand, AMZN fell 1.2% to $3,164.95, and FB dropped 1.1% to $334.12. In after-hours trading, AAPL was down 0.5%, while AMZN was up 0.2%.
Why It Matters for US Investors
The 0.5% decline in AAPL shares may be a sign of caution among investors ahead of the company's earnings report. The report is expected to provide insight into the company's capex growth and its impact on the overall sector. US investors will be watching closely, as AAPL is a major component of the S&P 500 and the NASDAQ. A strong report could boost the stock and the broader market, while a weak report could lead to a decline.
What Analysts Are Saying
Analysts are expecting AAPL to report $1.41 in earnings per share, with revenue of $77.35 billion. However, some analysts are warning that the company's capex growth may not be as strong as expected, which could lead to a decline in the stock. Morgan Stanley analyst Katy Huberty said that AAPL may face challenges in the near term, but the company's long-term prospects remain strong.
Key Takeaways
- AAPL fell 0.5% in after-hours trading ahead of its earnings report.
- The NASDAQ closed down 0.2%, while the S&P 500 ended up 0.1%.
- MSFT and GOOGL were among the biggest US winners, while AMZN and FB were among the biggest losers.
Frequently Asked Questions
What is the expected earnings per share for AAPL?
$1.41
What is the expected revenue for AAPL?
$77.35 billion
What are analysts saying about AAPL's capex growth?
Analysts are warning that AAPL's capex growth may not be as strong as expected, which could lead to a decline in the stock.
