In the video below, tech analysts Andrew Tonner and Eric Bleeker discuss Apple's (Nasdaq: AAPL) earnings, which came after the bell and were disappointing enough that the company's shares are down 10% in after-hours trading.
As Eric discusses, Apple was down closer to 4% before its earnings call when it reaffirmed it was no longer "low-balling" its guidance for future quarters. Once Apple clarified its new stance on guidance, the focus shifted to next quarter. In that quarter, it is projecting $41 billion to $43 billion in revenue, which is well below expectations that it would be able to achieve $45.6 billion in earnings. The saving grace for Apple investors? In after-hours trading, Apple's ex-cash P/E is down to an anemic seven times earnings. To learn Eric and Andrew's thoughts, watch the video below.
Andrew Tonner owns shares of Apple. Eric Bleeker, CFA has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.