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January 24, 2013 02:58 am GMT

Apple Shares Drop 5.6% In After-Hours Trading After Q1 2013 Earnings, Shaving $27 Billion Off Its Market Cap

Stock-Market-NasdaqApple just announced Q1 2013 earnings, and investors don’t seem to be convinced. The company missed on revenue and exceeded expectations on earnings per share. After a solid day for Apple shares (NASDAQ:AAPL), the stock dropped 5.6 percent in after-hours trading, inducing a big market capitalization meltdown. Developing

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/8tnZn4_yCUU/

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