by Nenita M. Eller | Jul 31, 2020 | Tech News
(Bloomberg) — Going against the smart money flow has been a winning strategy for Robinhood traders, at least when it comes to big tech. Retail traders kept boosting their positions in technology megacaps, even as professional stock pickers trimmed exposure in...
by Nenita M. Eller | Jul 31, 2020 | Gadget
After the closing bell yesterday, Apple Inc. AAPL encouraged its investors with blockbuster third-quarter fiscal 2020 results, wherein it topped both earnings and revenue estimates. Apple Q3 Results in Focus Earnings per share came in at $2.58, beating the Zacks...
by Nenita M. Eller | Jul 31, 2020 | Tech News
Apple demolished Wall Street forecasts in its fiscal third quarter, delivering revenue of $59.7 billion and earnings per diluted share of $2.58 billion. Analysts’ consensus was for revenue of $52.25 billion, which would have been a slight dip from the same quarter a...
by Nenita M. Eller | Jul 31, 2020 | Tech News
(Bloomberg) — A rally in big technology companies lifted stocks from Thursday’s lows, tempering concern over a bumpy economic rebound. Apple Inc., Amazon.com Inc., Alphabet Inc. and Facebook Inc. jumped in extended trading as results crushed Wall Street...
by Nenita M. Eller | Jul 31, 2020 | Smartphone
Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today. Apple had a much better quarter than Wall Street anticipated, as consumers proved resilient despite the COVID-19 pandemic. Apple’s...
