Apple Kitchen Sinks Q3, But Announces Huge Cash Plans
by Bill Maurer
After the bell on Tuesday, Apple (AAPL) released its much anticipated fiscal second quarter earnings report. With Apple shares trading roughly $300 off their all-time high, expectations were low and guidance was expected to be terrible. For those that didn't read it, here was my official Apple earnings preview. Apple announced a fairly decent Q2, beating nicely on revenues and reporting earnings roughly in line. Q3 guidance was weak, and that was something I was expecting. Apple decided on a kitchen sink quarter. Perhaps the biggest news was a dividend raise and huge buyback. read more »
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