Want to join the conversation?
Midstream energy assets operator $KMI posted 4Q15 net loss after certain items of $609MM or $0.29 per diluted share compared to net income of $566MM or $0.08 per diluted share for 4Q14, driven by higher book taxes, DD&A expense and interest expense. Total revenue for the quarter decreased about 8% to $3,636MM from $3,951MM in the year-ago quarter.
Apple ($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%."