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In May 2015, $EA's Board of Directors authorized a new program to repurchase up to $1Bil of common stock. The new program, which expires on May 31, 2017, supersedes and replaces the stock repurchase authorization approved in May 2014. During 1Q16, $EA repurchased about 2.2MM shares for about $132MM. $EA continues to actively repurchase shares.
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.