Apple beats revenue, EPS expectations; stock drops

Apple after the bell on Thursday beat Wall Street’s targets for its fiscal third quarter revenue and earning per share (EPS). In subsequent trading, shares fell.David Marino-Nachison for The Wall Street Journal:The Cupertino, Calif.-based company earned $1.26 a share on sales of $81.8 billion for the quarter ended July 1. Analysts polled by FactSet had expected Apple earnings of $1.20 a share on sales of $81.8 billion.
“Our June quarter year-over-year business performance improved fr