GoKawiilApple beats Q4 estimates but shares slip on services growth, margin guidance
Apple reported fiscal Q4 revenue of $114.48 billion, up 12% year over year and above the $113.39 billion analysts expected, with EPS of $2.10 versus the $1.99 forecast. Despite the beat, shares fell roughly 3% in after-hours trading after management's guidance pointed to slower services revenue growth and gross margin pressure from elevated memory costs. Apple also repurchased $24 billion of stock during the quarter, bringing buybacks to $86 billion over the past 12 months.