Want to join the conversation?
Risk manager $AIZ reported a higher 2Q16 profit of $169.3MM, or $2.70 per share, compared to $32.8MM, or $0.47 per share, a year ago, mainly due to lower losses and exit-related charges from the wind down of its Assurant Health runoff operations and the increase in the amortization of deferred gains due to 1Q16 sale of Assurant Employee Benefits.
Apple ($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%."