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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