<div id="readability-page-1"><div><div><p><strong>Apple Inc.</strong> <span>AAPL</span> stock was trading higher Friday but has since reversed and began trading lower after the company reported better-than-expected third quarter financial results on Thursday after the market closed.</p><p><strong>What To Know:</strong> Apple reported earnings per share of $1.57, beating the consensus estimate of $1.42. In addition, the company reported sales of $94.00 billion, beating the consensus estimate of $89.04 billion.</p><p>The company broke down sales further, reporting $44.58 billion from iPhone, $6.58 billion from iPad and $8.04 billion from Mac. Wearables generated $7.40 billion, while services revenue totaled $27.42 billion.</p><p>“We are very pleased with our record business performance for the June quarter, which generated EPS growth of 12 percent,” said <strong>Kevan Parekh</strong>, Apple’s CFO.</p><p> “Our installed base of active devices also reached a new all-time high across all product categories and geographic segments, thanks to our very high levels of customer satisfaction and loyalty.”</p><div><div><div><p>Trending Investment Opportunities</p></div></div></div><p><strong>Analyst Changes: </strong>Following the earnings report, multiple analysts issued price target adjustments.</p><ul> <li>Raymond James analyst <strong>Srini Pajjuir </strong>reiterated an Outperform rating on Apple and raised the price target from $230 to $240.</li> <li>Barclays analyst<strong> Tim Long </strong>maintained an Underweight rating on Apple and raised the price target from $173 to $180.</li> <li>Rosenblatt analyst <strong>Barton Crockett</strong> maintained a Neutral rating on Apple and raised the price target from $217 to $223.</li> <li>Morgan Stanley analyst <strong>Erik Woodring</strong> maintained an Overweight rating on Apple and raised the price target from $235 to $240.</li> <li>B of A Securities analyst<strong> Wamsi Mohan</strong> maintained a Buy rating on Apple and raised the price target from $235 to $240.</li> </ul><p><strong>AAPL Price Action:</strong> At the time of writing, Apple stock is trading 2.33% lower at $202.72, according to data from Benzinga Pro.</p><p><em>Image via Shutterstock</em></p></div></div></div>

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<p>Apple Inc. (AAPL) stock initially rose but is now trading 2.33% lower at $202.72 after reporting better-than-expected Q3 results. Earnings per share were $1.57, surpassing estimates of $1.42, with sales of $94 billion exceeding the $89.04 billion forecast. Analysts have adjusted price targets, with Raymond James raising it to $240, while Barclays set it at $180. CFO Kevan Parekh highlighted record performance and high customer satisfaction.</p>

- Apple Inc. reported better-than-expected third quarter financial results, with earnings per share of $1.57 and sales of $94.00 billion.  
- The company saw significant revenue from various segments, including $44.58 billion from iPhones and $27.42 billion from services.  
- Following the earnings report, analysts adjusted their price targets, with most raising them, while Apple stock was trading 2.33% lower at $202.72.  

Apple Stock Is Trading Lower Friday: What's Going On?