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$PNW 1Q15 10-Q: Fuel and purchased power expenses were $223.24MM vs. $249.79MM in 1Q14. Total interest expenses were $44.18MM vs. $49.20MM in 1Q14. Income taxes were $7.95MM vs. $6.41MM in 1Q14. Weighted-avg. diluted common shares outstanding were 111.38MM vs. 110.89MM in 1Q14.
Apple ($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%."