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Apple’s stock is surging, but Wall Street analysts thought earnings results were just ‘fine’

May 1, 2019


Apple’s stock is surging after reporting first-quarter earnings, but Wall Street analysts were more breathing a sigh of relief than cheering the results.

The company said iphone sales dropped 17% in the quarter, but upbeat commentary from CEO Tim Cook on China and wearables, along with a big stock buyback, stopped analysts from getting more negative on the stock, and in a few cases, even caused them to raise their price targets.

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