Five Companies That Dropped The Ball This Week


Apple Investors In Hog Wild Sell-Off After Q1 Results

Apple's first quarter revenue jumped 18 percent, iPhone sales rose 20 percent and iPad sales grew 49 percent compared to last year, but that wasn't enough for Wall Street's perpetually insatiable maw. Flat year-over-year revenue and a second-quarter outlook that fell short of what Apple investors were expecting combined to trigger a sell-off in the wake of its earnings announcement. This was Apple's most closely-watched quarterly results in years, and the next one is sure to be even more closely scrutinized by the chorus of critics who doubt that Apple can sustain its growth under CEO Tim Cook.

 



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