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$TSN said its sales from Chicken segment for 2Q16 fell 4.9% to $2.74Bil from $2.83Bil a year ago, and that from Beef segment fell 14.2% to $3.64Bil from $4.13Bil. Pork sales also reported a decline in sales of 4.1% to $1.19Bil from $1.20Bil, while sales from Prepared Foods fell 3.3% to $1.80Bil from $1.87Bil in the same quarter a year ago.
Apple ($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%."