U.S. Stock-Index Futures Drop After Apple Profit Trails Forecast

U.S. stock-index futures retreated after Apple Inc. (AAPL)’s earnings and forecast trailed analyst estimates.

Futures on the Standard & Poor’s 500 Index slipped 0.7 percent to 1,398.9 at 4:44 p.m. in New York after the benchmark gauge climbed 0.3 percent in the regular session. Nasdaq 100 Index futures lost 1.5 percent.

Apple, the world’s largest company by market value, reported profit rose to $8.22 billion, or $8.67 a share, in the fiscal fourth quarter. The average analyst estimate was for inceom of $8.3 billion, or $8.75 a share. Shares of the company were halted for the release of the news.

To contact the editor responsible for this story: Michael P. Regan at mregan12@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.