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Lodging REIT $CHSP said it expects RevPAR to increase 2.2% on a pro forma basis and adjusted Hotel EBITDA, adjusted corporate EBITDA, and AFFO per share to be near the midpoint of the guidance ranges that were provided earlier. These preliminary 2Q16 results are subject to adjustments resulting from the completion of the quarterly review.
Apple ($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%."