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$GD 2Q15 Call: Aerospace: revenue was $2.3Bil, up $263MM YoverY. Operating earnings improved $55MM. Jet Aviation once again made a strong contribution with double-digit operating margins. 1H15 vs. 1H15: revenue is up $246MM or 6%; operating earnings are up $82MM or 10.4% on the strength of an 80 BP improvement in operating margin.
Apple ($AAPL) reported decline in sales and profits from comparable quarter last year, attributing the decline to announcement of iPhone 7/7s. Sales and profit are being guided higher for next quarter. Apple is a solid company and will continue to dominate tech and consumer electronics segment for a while. Personally, looks like there is little downside in this investment.
Waiting with fingers crossed for $AAPL’s fourth quarter earnings.
Looking ahead to $AAPL earnings release later in the afternoon today? Gene Munster, analyst from Piper Jaffrey and the most respected authority for Apple, had this to say - "The second and slightly larger group of investors believe the tail of the iPhone 7 is irrelevant, and is betting that the iPhone 10th Anniversary will yield a jump in growth from flat to up ~15%."