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Medical technology company $INGN posted 4Q15 net income of $3.9MM, up 154% vs. $1.5MM in 4Q14, helped by strong revenue, improved GM, and a lower effective tax rate. Diluted EPS for the quarter was $0.19 vs. $0.07 in 4Q14. Total revenue rose 38.9% to $40.4MM vs. $29.1MM in 4Q14, helped by higher sales and rental revenues.
Apple ($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%."