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$NEM 2Q15 PR: Diluted EPS $0.14 vs. $0.36 in 2Q14. Declared dividend of $0.025 per share. Paid $75MM towards project debt facilities. YTD, paid $200MM toward existing term loan & $80MM toward project debt in Ghana and Indonesia. Free cash flow from continuing operations were $119MM vs. $124MM in 2Q14. 2Q15-end cash & cash equivalents were $3308MM.
Apple ($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%."