Apple's stock is surging, but Wall Street analysts thought earnings results were just 'fine'

"We continue to have a cautious view on Apple's Services growth sustainability over the coming quarters," analysts at Wells Fargo said.

's stock is surging after reporting first-quarter earnings, but Wall Street analysts were more breathing a sigh of relief than cheering the results.dropped 17% in the quarter, but upbeat commentary from CEO Tim Cook on China and wearables, along with a big stock buyback, stopped analysts from getting more negative on the stock, and in a few cases, even caused them to raise their price targets.

On China Cook noted, "We certainly feel a lot better than we did 90 days ago...We like the direction we're headed with iPhone and our goal now is to pick-up the pace." "While we acknowledge that a 22% decline in China revenue is far from a resurgence, Tim Cook did highlight that iPhone declines in the last few weeks of March were significantly smaller than they were to start the quarter," analyst Timothy O'Shea said.

Earnings were shit, everyone knows it. Just won’t say it.

Of course, because Wall Street wants to control and manipulate all stocks.

AppleSupport Apple They've stopped caring for customers.. Many like me are facing pathetic attitude of AppleSupport towards their customers. case ID: 100800933452 & Case ID: 20000042499650

It’s all a game of Smoke & Mirrors.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Pfizer posts earnings beat, raises 2019 profit forecastPfizer Inc on Tuesday beat Wall Street estimates for quarterly profit and slight... GREED over People Can Just Be So Profitable!!! HAHAHAHAHA Don't Actually CURE Anything - Just Advertise Crazy Igotahavitol Wonder Pills To Cure ANYTHING - While Giving You Horendous Side Effects BrainCandy WAKE UP PEOPLE - TRY HARDER! So, Congress will be able to heat their swimming pools for another year . . .
Source: Reuters - 🏆 2. / 97 Read more »

Apple earnings: Watch for Apple to reveal how many iPhone billions it plans to put in investor pocketsInvestors will soon receive an update on Apple Inc.’s plans for its massive pile of cash, but don’t expect anything out of the ordinary. a mortgage company with a high growth PE and self-driving. Would it be wonderful if Apple used the unneeded cash for such things as helping the hungry and the needy! However, bet they will still just use a bit as a token and to say they contribute to charitable causes! Nobody’ll get anything. It’ll be re-invested. Apple
Source: MarketWatch - 🏆 3. / 97 Read more »

Chipotle stock falls after topping Wall Street earnings expectationsChipotle Meixcan Grill Inc. shares fell less than 1% in the extended session Wednesday after the company topped Wall Street estimates. The company reported...
Source: MarketWatch - 🏆 3. / 97 Read more »