Apple Reports Weaker Than Expected Revenue and iPhone Shipments
Apple shares lost steam after reporting weaker than expected quarterly revenue.
Apple (AAPL) - Get Report reported fiscal second quarter earnings of $2.10 a share, topping estimates of $2.02.
Revenue came up a little light -- $52.9 billion vs. estimates of just over $53 billion.
The company sold 50.8 million iPhones during the quarter, falling short of Wall Street's estimates.
Apple also raising its quarterly dividend by 10.5% to $0.63 a share.
