Apple Inc. (AAPL) reported second quarter EPS of $1.90 after the bell Tuesday, down from $2.33 in the prior year period. Revenue fell 12.8% to $50.56 billion from $58.01 billion last year. The consensus estimates were for EPS of $2.00 and revenues of $51.97 billion.
The company expects to report third quarter revenues of $41 billion to $43 billion. Street expectations are for revenues of $47.32 billion.
Apple traded in a range for the bulk of Tuesday's session and closed down by 0.73 at $104.35 on above average volume. The stock is now down 7.39 on 8.4 million shares after the close.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.