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Supply Chain Impact, Forex Headwinds, Margin Outlook And More: 6 Key Takeaways From Apple's Earnings Call
Friday, April 29, 2022 - 4:02am | 510Apple, Inc. (NASDAQ: AAPL) on Thursday reported better-than-expected quarterly results, hiked its dividend, and announced a $90 billion buyback. Ordinarily, this would have been a perfect trigger for a rally, but Apple's stock was languishing following the earnings report. Here are...
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Nestlé Seeks To Have Apple CFO On Its Board
Thursday, February 17, 2022 - 7:32am | 323Nestlé S.A. (OTC: NSRGY) said Thursday it has proposed Apple Inc. (NASDAQ: AAPL) Chief Financial Officer Luca Maestri and Schneider Electric S.E. (OTC: SBGSY) Chief Marketing Officer Chris Leong for election to its board of directors. What Happened: The elections will take place at the...
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Why Apple Shares Are Rising Today
Friday, January 28, 2022 - 10:46am | 393Apple Inc (NASDAQ: AAPL) is trading higher Friday morning after the company announced better-than-expected fiscal first-quarter financial results. Apple reported quarterly earnings of $2.10 per share, which beat the $1.88 estimate. The company reported quarterly revenue of $123.9 billion,...
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Reading Between The Lines Of Apple's Decision To Go Silent On iPhone Unit Sales
Monday, November 5, 2018 - 5:26pm | 802While weak iPhone unit shipments and sour December quarter guidance were partly responsible for negative sentiment toward Apple Inc. (NASDAQ: AAPL)'s shares following its fourth-quarter results, much of the blame could be traced to Cupertino's decision to drop its practice of reporting...
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Apple's Stock Hits All-Time High After Beating Q3 Earnings, Sales Estimates
Tuesday, July 31, 2018 - 5:00pm | 346Apple, Inc. (NASDAQ: AAPL) prevails as front-runner over other FANG members, as the tech giant exceeded earnings expectations. Apple reported a Q3 revenue of $53.3 billion, accounting for a 17-percent increase from last year, as well as a 40-percent increase in earnings per share at $2.34 against a...
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Apple Beats Q2 Earnings Estimates, Announces $100 Billion Buyback Plan
Tuesday, May 1, 2018 - 4:48pm | 406Apple Inc (NASDAQ: AAPL) shares rose more than 4 percent following a second-quarter earnings report after Tuesday's close. Still the world’s largest company, the tech giant delivered second-quarter earnings of $2.73, beating estimates by 3 cents. Sales came in at $61.1 billion, slightly...
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7 Big Highlights From Apple's Q1 Conference Call
Wednesday, February 1, 2017 - 11:30am | 395Apple Inc. (NASDAQ: AAPL) shares are up 5 percent in early trading on Wednesday after the company delivered a huge quarterly earnings beat. If you saw the top- and bottom-line numbers but didn’t sit through the earnings call, here are seven things you missed about Apple’s tremendous...
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Apple Price Target Multiple Increased At BTIG; Firm Touts iPad Growth
Wednesday, July 27, 2016 - 8:11am | 384Apple Inc. (NASDAQ: AAPL) reported its FQ3 results at a slight beat to expectations. BTIG’s Walter Piecyk raised the price target on the company from $115 to $124. “Valuation multiples are a function of growth and risk, and with FQ3 behind us and reasonable guidance for the...
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Why Apple Could Layoff Between 25,000 And 30,000 Of 115,000 Employees By End Of Year
Tuesday, April 26, 2016 - 2:21pm | 332Apple Inc. (NASDAQ: AAPL) has recently been laying off around 100 contract and full-time recruiters, but Global Equities Research analyst Trip Chowdhry believes this is just the tip of the iceberg for Apple layoffs. Chowdhry estimates that Apple will cut between 25,000 and 30,000 of its 115,000...
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Trip Chowdhry Reiterates: Apple's CFO Has No Confidence
Friday, March 18, 2016 - 8:45am | 355Global Equities Research’s Trip Chowdhry mentioned that he has “zero confidence” in Apple Inc. (NASDAQ: AAPL), and recommended replacing the current CEO and CFO. CFO Sells Shares Apple's CFO Luca Maestri has been selling shares of the company and is left with only 421...
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Are Investors Suspicious Of Apple's Next Product Launch?
Sunday, March 13, 2016 - 3:32pm | 405Apple Inc. (NASDAQ: AAPL) will hold an event at its Cupertino headquarters March 21, according to an email sent to media sources Friday morning. In an unusual move, the company declined to invite investors to the event, which is expected to be an announcement of the fall Apple product line. Apple...
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Is Carl Icahn Frustrated With Apple's CEO And CFO?
Wednesday, February 17, 2016 - 12:34pm | 357Apple Inc. (NASDAQ: AAPL) shareholders have had a rough go of it lately, with the stock is now down 16.4 percent in the past six months. This week, news broke that one of Apple’s largest shareholders, billionaire activist investor Carl Icahn, has reduced his stake in the company by 13...
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Apple Investors Shift Their Focus From iPhones To Cash
Monday, February 1, 2016 - 10:13am | 461When Apple Inc. (NASDAQ: AAPL) revealed that its iPhone sales had slowed for the first time, investors were spooked and the company's share price suffered. However, with the iPhone news settling, many are looking to another aspect of the company's earnings that could be important to...
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Global Equities' Trip Chowdhry Blasts Apple Management: 'Tim Cook Has Zero Vision/Zero Passion,' Calls Board Callous & Says Co Needs A 'No Bozo Policy'
Sunday, January 3, 2016 - 11:26am | 348Trip Chowdhry of Global Equities Research pulls no punches in his latest Apple Inc. (NASDAQ: AAPL) commentary. In a recent note, Chowdhry called for the “completely clueless” Tim Cook to be replaced. He cited a culture of “bozos” at Apple destroying $486 billion in...
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Market Wrap For March 4: Bulls Take Over As Ukraine Fears Dissipate
Tuesday, March 4, 2014 - 5:37pm | 2664U.S. stocks recovered and posted strong gains as concerns over a military conflict involving Russia and Ukraine dissipated overnight. The Dow posted a triple digit point gain, recording its best day of the year. The S&P 500 surged to new all time highs of 1,876.23 while the Nasdaq hit new...