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Apple (AAPL) will be on focus today
The company posted second-quarter earnings of $2.33 per share versus consensus of $2.16. Sales came in at $58.01 bln, also exceeding analyst forecasts of $56.1 bln. Q2 gross margins was of 40.8% versus guidance of 38.5-39.5% and 39.3% last year.
Company reported following numbers on sales:
Q2 iPhones 61.2 mln versus 57 mln estimates and 43.7 mln last year;
Q2 iPads 12.6 mln versus 14 mln estimates and 16.4 mln last year;
Q2 Macs 4.6 mln versus 4.6 mln estimates and 4.1 mln last year.
Company expect Q3 revenues of $46-48 bln versus $47.09 bln consensus.
Apple announced increased share repurchase authorization to $140 bln from $90 bln raised quarterly dividend to $0.52/share from $0.47/share.
AAPL advanced to $132.53 (+1.82%) on Monday.
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