From CNBC · Kai Nicol-Schwarz · · 1m 10s
Apple and Palantir stocks fall after earnings
Apple disappointed on margins despite strong revenue; Palantir slumped on slower commercial bookings growth.
In brief
Apple disappointed on margins despite strong revenue; Palantir slumped on slower commercial bookings growth. Apple and Palantir shares fell in premarket trading Tuesday after both reported earnings, with Apple disappointing on margin outlook and Palantir showing slower U.S. commercial growth. Originally reported by…
Apple and Palantir fall in premarket
Apple and Palantir shares fell in premarket trading Tuesday after both announced earnings after the bell on Monday.
Apple disappoints on margins
Apple reported better-than-expected revenue but fell short on iPad sales and issued a margin forecast that disappointed investors. Apple was last trading three point eight percent lower.
Memory costs squeeze Apple's profit
Apple is reckoning with a global memory crunch and scramble for computer components. Memory costs were higher this quarter than in June, pressuring profitability despite the company's best fiscal year ever.
“The concern is profitability.”
Palantir slumps on slower bookings
Palantir beat estimates with revenue nearly doubling and topping two billion dollars for the first time. But the company reported a slowdown in U.S. commercial total contract value bookings growth, falling seven point eight percent.
The essence
Apple and Palantir shares fell in premarket trading Tuesday after both reported earnings, with Apple disappointing on margin outlook and Palantir showing slower U.S. commercial growth.
