the previous evening, topping $1 trillion in market capitalization. Apple beat analysts' expectations on earnings and revenue for the fiscal second quarter, as well as their outlook for the company's third quarter.
The results empowered Apple bulls, particularly those who believe in the company's mission to tilt its business more toward services like iCloud and Apple Music, which grew 16% year over year.Gene Munster, managing partner at Loup Ventures, saw several things that"This company is an earnings powerhouse, and I want to put that into perspective. We just usually gloss over that [earnings per share] number.
Suckers. That's what comes next.
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Stocks making the biggest moves premarket: Boeing, Wynn Resorts, CVS, Apple, Estee Lauder & moreThese are the stocks posting the largest moves before the bell.
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