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$LEN is increasing its goal for Financial Services to $130-135MM of profit for 2016. For Rialto, $LEN expects to earn $15-20MM for 2016. The one-time writeoff of the hospital receivables will bring the range to flat to $5MM of profit for the full year and is weighted more heavily towards 4Q16. $LEN expects $50-55MM of profit for Multifamily.
Waiting with fingers crossed for $AAPL’s fourth quarter earnings.
Looking ahead to $AAPL earnings release later in the afternoon today? Gene Munster, analyst from Piper Jaffrey and the most respected authority for Apple, had this to say - "The second and slightly larger group of investors believe the tail of the iPhone 7 is irrelevant, and is betting that the iPhone 10th Anniversary will yield a jump in growth from flat to up ~15%."
Visa ($V) set to release it earning after market close today. With new CEO resigning so close to the earnings, should we expect to see any surprises? Visa has been making strong moves with Visa Europe acquisition, partnership with PayPal and a 15% increase if quarterly dividends.