Tag Archives: bad-request

4 Chip Suppliers Plunging After Apple’s Earnings

Apple (AAPL) topped third-quarter earnings and sales expectations late Tuesday. But its Q4 revenue guidance was light, and investors are worried about Apple Watch sales. That caused several of the consumer technology giant’s chip suppliers, including Qorvo (QRVO), NXP Semiconductor (NXPI), Cirrus Logic (CRUS) and Skyworks Solutions (SWKS), to take a hit in the stock market today. Qorvo sank 5% in fast trade, triggering a sell signal. For those who

Bullish PayPal Calls: Braintree A Plus Vs. Apple Pay

Competition with Apple (AAPL) and Google (GOOGL) in mobile payments isn’t scaring most Wall Street analysts from initiating coverage on PayPal with bullish calls. Citigroup, Barclays and Raymond James on Wednesday initiated coverage on online payments processor PayPal (PYPL), which started trading on Monday following its spinoff fromeBay (EBAY), with buy, overweight and outperform ratings, respectively. Despite the burgeoning rivalry with Apple and

5 key takeaways from Apple’s mixed Q3 earnings report

Apple (AAPL) failed to live up to the lofty expectations of some investors in the June quarter, despite posting sales and earnings that beat Wall Street’s targets. Unit sales of the iPhone disappointed and Apple Watch sales appeared to be light. Apple stock was down 4.5%, near 125, in afternoon trading on the stock market today. Apple reported fiscal third-quarter results late Tuesday. Apple earned $1.85 a share, up 44.5% year over year and 4 cents ahead of Wall Street’s target. Sales rose 32.5% to $49.61 billion, just above the $49.43 billion forecast by analysts polled by Thomson Reuters. Apple’s Q3 revenue growth was its biggest increase in over three years.