Want to join the conversation?
Consulting giant $ACN reported a fall in 1Q16 earnings due to lower benefits related to final determinations and other adjustments to prior-year taxes. Earnings slid to $818.9MM or $1.28 per share from $831.53MM or $1.29 per share last year. Revenue rose by 1% to $8.47Bil, which exceeded its guidance range of $7.7-7.95Bil.
Apple ($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%."