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US stocks had mixed results, while Apple shares dropped about 2% after its Q4 earnings report.

ResultsRead the original at Benzinga
Neutral

Apple beat estimates for sales and profit per share, but expects product costs to take a larger share of holiday sales. These results point both ways and do not clearly change Apple's outlook.

AAPL · Apple Inc.

AI read · Neutral

The AI's read

The sales and profit results show that Apple did better than analysts expected last quarter. But the company expects product costs to take a larger share of holiday sales. The report gives no size for that expected change, so the signals do not clearly point one way.

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