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$FMC updates its Agri-Solutions segment outlook for 3Q15 & FY15 due to Brazilian real devaluation. $FMC expects earnings of $59MM in 3Q15 & $110-130MM in 4Q15. Adjusted EPS of $0.38 in 3Q15 & $2.35-2.45 for FY15 assuming adjusted tax rate of 27%. "$FMC Agri-Solutions outside of Brazil continues to perform well," said Brondeau, $FMC's President, CEO
Apple ($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%."