Tag Archives: lead tech

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

Qualcomm Revenue Misses Amid Slowing Growth

Qualcomm reported its slowest revenue growth in 15 quarters when it posted Q2 earnings late Wednesday. Sales missed Wall Street targets, but earnings beat. The leading supplier of cellphone chips reported revenue of $6.37 billion, missing estimates of $6.48 billion. Revenue rose 4% from the year-earlier quarter, breaking a string of 14 quarters of double-digit growth, as handset growth slows even in rising markets like China. But earnings per

Biogen Q1, Guidance Strong

Big-cap biotech Biogen Idec reported solid Q1 revenue early Wednesday and guided 2014 above Wall Street’s expectations, but the stock rose just a fraction as biotechs had a bad day and Biogen revealed it’s being probed by authorities. Biogen (BIIB) said revenue rose 50.5% over the year-earlier quarter, to $2.13 billion, beating analysts’ consensus of $2 billion. But earnings per share of $2.47, up 25%, missed consensus of $2.56. The company,