Tuesday, January 22, 2008
Apple stock is down after hours over $19 after their earnings announcement. They posted a 57% increase in fiscal first-quarter net income. But the company's second-quarter outlook fell short with expected earnings of 94 cents a share versus Wall Street expectations of $1.09 a share. Bummer. The after-hours reaction seems a bit harsh, but considering what's going on in the overall market people need to streamline their holdings.