Apple Investor Anxiety Drives Must See Tech Stock Action

Apple Inc. (NASDAQ:AAPL) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. Net income increased 0.28% to $13.1 billion ($13.81 per diluted share) in the quarter versus a net gain of $13.06 billion in the year-earlier quarter. Revenue rose 17.63% to $54.5 billion from the year-earlier quarter.

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Apple Inc. (NASDAQ:AAPL) reported adjusted net income of $13.81 per share. By that measure, the company beat the mean analyst estimate of $13.44. It missed the average revenue estimate of $54.73 billion. Investor brushed off the very fact that Apple’s quarter was the fourth-most-profitable quarter delivered by any company in history! Here’s how the stock traded after earnings were reported:

AAPL

Check Point Software Technologies Ltd. (NASDAQ:CHKP) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation.  Net income increased 39.48% to $222.9 million (91 cents per diluted share) in the quarter versus a net gain of $159.81 million in the year-earlier quarter. Revenue rose 3.32% to $368.6 million from the year-earlier quarter.

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Check Point Software Technologies Ltd. reported adjusted net income of 91 cents per share. By that measure, the company beat the mean analyst estimate of $0.88. It missed the average revenue estimate of $373.74 million.

CHKP

Teradyne Inc. (NYSE:TER) reported higher profit for the third quarter as revenue showed growth. Net income for Teradyne Inc. rose to $88.6 million (39 cents per share) vs. $56.7 million (25 cents per share) in the same quarter a year earlier. This marks a rise of 56.3% from the year-earlier quarter. Revenue rose 34.6% to $463.4 million from the year-earlier quarter.

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Teradyne Inc. fell short of the mean analyst estimate of 45 cents per share. It fell short of the average revenue estimate of $510.9 million.

TER

Symantec Corporation (NASDAQ:SYMC) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. Net income increased 30.42% to $313 million (45 cents per diluted share) in the quarter versus a net gain of $240 million in the year-earlier quarter. Revenue rose 4.37% to $1.79 billion from the year-earlier quarter.

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Symantec Corporation reported adjusted net income of 45 cents per share. By that measure, the company beat the mean analyst estimate of $0.38. It beat the average revenue estimate of $1.74 billion.

SYMC

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