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Maker of dispensing equipments for adhesives & sealants $NDSN posted higher 3Q16 earnings due to higher operating profit. Net income was $84.21MM or $1.46 per diluted share vs. $69.39MM or $1.14 per diluted share in 3Q15. Net sales rose 5.9% to $489.9MM vs. 3Q15, helped by higher organic sales volume in the company's segments.
Apple ($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%."