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$OUTR said that it expects FY15 Redbox revenues to be in the range of $1.75-1.765Bil, down from a previous $1.79-1.815Bil. Consolidated revenue is expected in the range of $2.165-2.19Bil, down from previous a $2.205-2.24Bil. Core EPS from cont. ops. of $7.65-8.15, down from $8.82-9.52, and free cash flow of $235-255MM, down from $252MM-$282MM.
Apple ($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%."