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New York City-based REIT $SLG said 4Q15 net income attributable to shareholders grew 78.4% to $101.3MM or $1.01 per diluted share versus $56.8MM or $0.59 per diluted share YoverY, helped by higher revenue and net gains of $57.3MM. FFO rose 14.9% to $168.6MM or $1.62 per share versus $146.8MM or $1.45 per share YoverY.
Apple ($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%."