Apple Shares Fall More Than 4% Premarket as Executives Project Lower Margins
Apple shares are down more than 4% premarket after executives projected falling margins on an earnings call. Third-quarter sales beat expectations, while margins narrowed.
By Rebecca FengApple shares are dipping more than 4% premarket after executives projected falling margins in an earnings call yesterday.While the iPhone maker's sales for the third quarter beat expectations, margins narrowed. During the earnings call, John Ternus, who took over from Tim Cook in Sep…