The airline industry has fallen from a No. 1 rank to the bottom half of IBD’s 197 industry groups in just a few months. But it’s still outperforming the broader transportation sector, up a fraction year-to-date vs. a nearly 10% slide for the Dow Jones transportation average. The group also is showing an interesting divergence among former leaders. As some continue to break out of bases to new highs and lead, others have broken down and even
Apple late Tuesday crowed about iPhone revenue in the June quarter, but remained silent about how many Apple Watches it sold. The Cupertino, Calif.-based tech titan beat Wall Street expectations in its fiscal third quarter ended June 27, but not by a lot. Apple (AAPL) also gave soft Q4 sales guidance and said its gross profit margin would dip sequentially. In Q3, Apple earned $1.85 a share, up 44.5% year over year and 4 cents
Microsoft, deep in a transition to cloud computing, late Tuesday reported better-than-expected earnings for its fiscal Q4, but year-over-year revenue fell for only the second quarter in at least four years. Microsoft’s (MSFT) sales of $22.2 billion for the quarter ended June 30 fell 5% but still edged Wall Street’s consensus estimate of $22 billion. Microsoft said that its revenue would have fallen 2% excluding the impact of foreign currency