Apple on Thursday reported quarterly profit of $23.4 billion, topping forecasts despite concerns about the effect of US tariffs on its supply chain."In terms of what we do to mitigate, we obviously try to optimize our our supply chain," Cook said of managing the tariff hit...

Amazon com reported solid second-quarter earnings that beat expectations Thursday afternoon. Earnings rose to $1.68 a share versus Wall Street’s consensus estimate of $1.33, according to FactSet, and were up from $1.26 last year. Amazon stock, however, fell 6.2% to $219.50 in after-hours trading after the release...

Near the end of his earnings call remarks, CFO Kevan Parekh said Apple expects September quarter revenue to grow at a “mid to high single digits” rate year-over-year. Parekh says the outlook assumes no change in current tariff rate policies and no change in the company’s revenue share agreement with Google. Apple shares turned slightly higher on the outlook...