Sandisk, Verizon Rise after Earnings, Apple Fluctuates
Today's biggest winners and losers in the stock market. On this episode of stock movers: -Apple (AAPL) shares are little changed after the tech giant delivered record quarterly sales and a better-than-anticipated forecast for the current period, even as the company warned that rising component costs are threatening to squeeze margins. Revenue will rise 13% to 16% in the second quarter, which runs through March, the company said Thursday during a conference call with analysts. That exceeded the 10% projected by Wall Street — showing that Apple can maintain momentum after an iPhone-fueled…
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