Want to join the conversation?
$HRS said Space and Intelligent System segment 3Q16 revenue was $489MM, up 7% YoverY. In Electronic Systems, revenue was $393MM, up 6.2%, while in Critical Networks revenue was $551MM, down 10% YoverY. $HRS also said that total company revenue guidance for FY16 on an organic basis is revised from down 5-6% to down about 7%.
Apple ($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%."