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For full-year 2016, $HON said that it is raising its sales guidance range to $40.0-40.6Bil, up 4-5% from 2015 and EPS guidance range to $6.60-6.70, up 8-10% vs. 2015. The company expects free cash flow for the full-year 2016 to be in the range of $4.6-4.8Bil and operating income margin to be between 18.0-18.4%.
Apple ($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%."