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$PEG's PSEG Power segment reported a net loss for 2Q16 of $11MM or $0.02 loss per share vs. net income of $166MM or $0.33 per share for 2Q15. Operating earnings were $0.18 per share for the quarter and adjusted EBITDA was $272MM vs. operating earnings of $0.22 per share and adjusted EBITDA of $301MM in 2Q15.
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.