- Amazon reported sales and profits that exceeded Wall Street's expectations, driving its shares higher in late-hours trading.
- Apple beat top and bottom-line estimates, although its third-quarter services revenue of $30.74 billion fell short of the projected $31.39 billion.
- Apple's gross margin rose to 50.1%, aided by a two percentage-point lift from tariff refunds following a Supreme Court decision.
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“Apple said its gross margin, which came in at 50.1%, above the Street's estimate near 48%, got a roughly 2 percentage-point lift from tariff refunds.”