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$NVDA 2Q16 PR: Diluted earnings per share were $0.05, down 79% compared to $0.22 in 2Q15. NVDA paid $52MM in cash dividends and $400MM in share repurchases, returning an aggregate of $452MM to shareholders in 2Q16. NVDA will pay its next quarterly cash dividend of $0.0975 per share on Sept. 11, 2015, to all shareholders of record on Aug. 20, 2015.
Apple ($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%."