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$TSCO 2Q15 PR: Net sales grew 11.9% to $1.77Bil from $1.58Bil in 2Q14. Comparable store sales increased 5.6% vs. 1.9% last year. Net income grew 14.9% to $153.3MM from $133.4MM in 2Q14 and diluted EPS was up 17.9% to $1.12 vs. $0.95 in the second quarter of last year.
Apple ($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%."