Apple warns of lower margins and Palantir sees slower contract growth, sending both stocks lower
Apple reported fiscal Q4 earnings per share of $2.10 and revenue of $114.5 billion, but warned that gross margins this quarter will be 45%‑46%, below the 47% analysts expected. The company also missed its China sales forecast, posting $17.5 billion in that market. Palantir posted Q3 earnings per share of $0.44 and revenue of $2.31 billion, yet its total‑contract‑value growth slowed to 6% year‑on‑year, far below the 49% pace in the prior quarter. Both companies’ shares fell in after‑hours trading.
Why it matters
Apple’s lower margin outlook may curb profit growth and weigh on its stock, according to the company’s own guidance. Palantir’s slowdown in contract‑value growth raises concerns about the pace of future revenue expansion, as noted by analysts.
Key facts
- 1Apple fiscal Q4 earnings per share were $2.10, up 14% YoY. investing.com
- 2Apple Q4 revenue was $114.5 billion. investing.com
- 3Apple’s China sales were $17.5 billion, below forecasts. investing.com
- 4Apple forecast gross margins of 45%‑46% for the current quarter, below the 47% expected by analysts. investing.com
- 5Palantir Q3 earnings per share were $0.44. investing.com
- 6Palantir Q3 revenue rose 96% YoY to $2.31 billion. investing.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.