Tag Archives: aapl

Apple Rockets On Q2 Beat, Stock Split, Share Buybacks

Apple late Wednesday crushed Wall Street’s Q2 sales and earnings targets, and announced a seven-for-one stock split and expanded stock buyback program. Apple (AAPL) earned $11.62 a share, up 15% from the year-earlier quarter, on sales of $45.6 billion, up nearly 5%, for its fiscal Q2 ending March 29. Analysts expected EPS of $10.18 a share on $43.53 billion in sales, according to the consensus estimate from Thomson Reuters. Apple’s sales growth

Skyworks Gets Price Target Hikes On Strong Guidance

Skyworks Solutions (SWKS) stock was up 8% in morning trading in the stock market today, at a more than 13-year high, a day after the maker of ICs and other parts for the Apple (AAPL) iPhone and other smartphones posted fiscal Q2 results that beat views. Skyworks also issued fiscal third-quarter guidance that beat forecasts, sparking at least six price target hikes by investment banks. The Woburn, Mass.-based company said it earned 62 cents a share

Apple, Google Could Face Challenges In Car Apps

Apple (AAPL) and Google (GOOGL) face challenges in attracting carmakers to their Web-connected infotainment systems, partly because of the lengthy design cycles of autos and shifting share in the smartphone market, RBC Capital said in a report Wednesday. In a report called cars 2.0, RBC sees upside from Internet-connected vehicles for wireless phone companies, chipmakers, software -makers and others in the automotive supply chain. The report,