Apple slips 2% after earnings beat

Apple (APPL) reported fiscal third quarter EPS of $2.02 versus Street forecasts for $1.89. Sales of $109.4 billion beat estimates for $108.7 billion.

Gross margins of 50.1% topped company guidance for around 48%.

At least part of the EPS and gross margin beat appeared to come from tariff refunds.

Shares are lower by 2.5% in after-hours trading, but the stock has been a port in the storm during the last few weeks of volatility, rising 15% month-over-month and trading Thursday at very close to a record high.

Original sourceCoinDesk

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