January 24, 2013 at 12:44 PM EST
AAPL off 11%: Two Downgrades; Catalysts in Spring, Summer?
Shares of Apple (AAPL) are down $55.30, or almost 11%, at $458.71, after the company last night reported fiscal Q1 revenue that missed analysts’ estimates and beat slightly on the bottom line, while surpassing its own projection for the quarter. The company forecast this quarter’s revenue below expectations and did not offer a profit forecast. [...]
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