Investing.com - U.S. stocks fell in after-hours trading on Tuesday after technology bellwether Apple's quarterly earnings disappointed.
Apple reported that its fiscal third-quarter earnings excluding items hit USD9.32 per share, up from USD7.79 a share in the same period a year earlier.
Revenue rose 23% to USD35 billion from USD28.57 billion a year ago.
Analysts calls put earnings at USD10.37 a share on USD37.22 billion in revenue, according to a consensus estimate from Thomson Reuters.
Apple shares were down 5.29% in extended hours trading at USD568.80 a share.
Meanwhile Netflix, which provides movie streaming and rental services, reported earnings of USD0.11 cents a share, well above consensus expectations for USD0.05 cents a share, while revenue hit USD889 million, in line with estimates.
Shares fell in extended-hours, trading down 13.98% at USD69.15 after the company expressed caution for its subscriber outlook for the remainder of the year and added international expansion will generate losses.
Earlier, U.S. logistics giant UPS reported earnings per share of USD1.16 in the second quarter, up from USD1.09 per share in the same period a year ago.
Revenue rose to USD13.35 billion from USD13.19 billion though it missed the USD13.7 billion forecast by the Thomson Reuters calls.
Company shares were up 0.22% at USD74.50 in after-hours trading.
At the close of U.S. trading, the Dow Jones Industrial Average ended down 0.82%, the S&P 500 index was down 0.90% while the Nasdaq Composite index was down 0.94%.
Apple reported that its fiscal third-quarter earnings excluding items hit USD9.32 per share, up from USD7.79 a share in the same period a year earlier.
Revenue rose 23% to USD35 billion from USD28.57 billion a year ago.
Analysts calls put earnings at USD10.37 a share on USD37.22 billion in revenue, according to a consensus estimate from Thomson Reuters.
Apple shares were down 5.29% in extended hours trading at USD568.80 a share.
Meanwhile Netflix, which provides movie streaming and rental services, reported earnings of USD0.11 cents a share, well above consensus expectations for USD0.05 cents a share, while revenue hit USD889 million, in line with estimates.
Shares fell in extended-hours, trading down 13.98% at USD69.15 after the company expressed caution for its subscriber outlook for the remainder of the year and added international expansion will generate losses.
Earlier, U.S. logistics giant UPS reported earnings per share of USD1.16 in the second quarter, up from USD1.09 per share in the same period a year ago.
Revenue rose to USD13.35 billion from USD13.19 billion though it missed the USD13.7 billion forecast by the Thomson Reuters calls.
Company shares were up 0.22% at USD74.50 in after-hours trading.
At the close of U.S. trading, the Dow Jones Industrial Average ended down 0.82%, the S&P 500 index was down 0.90% while the Nasdaq Composite index was down 0.94%.