Shares of Apple AAPL are trading down better than 5% at $399.00 after the company missed earnings estimates. Apple reported EPS of $7.05 versus consensus Street estimates of $7.28.
Revenues came in at $28.3 billion, which compares to analysts' consensus estimates of $29.45 billion. Needless, to say, this is a huge surprise as Apple has not missed estimates in years!
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