Tag Archives: tech special report

Apple Crushes Q1 Earnings Forecasts On iPhone Boom

Wall Street expected Apple to report a huge holiday quarter, and it didn’t disappoint. The iPhone maker’s earnings and sales smashed even the most optimistic expectations, sending shares higher late Tuesday. For its fiscal first quarter ended Dec. 27, Apple (AAPL) earned $3.06 a share on sales of $74.6 billion. EPS leaped 48% from a year earlier and sales 30% — both the best gains in 11 quarters. It was the third straight quarter of accelerating

Hot Box IPO Sets Stage For Uber-Strong Debuts In ’15

The IPO market turned hot again after a five-week lull, with Box getting a rousing reception from Wall Street on Friday. Box (BOX), a provider of online storage and file-sharing services, popped 66% on its first day of trading, raising $175 million. The debut is expected to fuel enthusiasm for other high-profile new issues this year. “Sit back and enjoy the show, as it’s just beginning,” said John Fitzgibbon, founder of research

Skyworks Q1 EPS, Revenue Soar; Q2 Guidance Strong

Skyworks Solutions late Thursday posted a ninth straight quarter of earnings growth and double-digit revenue growth amid strong demand for its chips that enable Apple iPhones and help connect devices in the Internet of Things. The Woburn, Mass.-based chipmaker reported $805 million in sales for its fiscal Q1 ended Jan. 2, up 59% from the year-earlier quarter. Earnings per share excluding items rose 88% to $1.26. Analysts polled