Apple Earnings Reaction (Nov 3): Beat on Sales, Margin Guide Sets the Tone
Apple beat on sales and profit but guided holiday-quarter margin to 45%-46% on memory costs. The stock gapped about 3.8% lower, inside the 4.2% implied move.
Premarket Brief (Tue Nov 3): Apple Slips on Memory Costs as Voters Head to the Polls
Apple slips about 4% premarket (7:45 AM ET) on a memory-cost margin warning as futures sit about flat on election day. JOLTS at 10:00, AMD tonight.