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Rail-based transportation services provider $CSX posted 4Q15 net earnings of $466MM, a 5% decline from $491MM in 4Q14, or $0.48 per share, down 2% from $0.49 a year ago. Revenue fell 13% to $2.781Bil, as pricing gains were more than offset by the impact of lower fuel recovery, a 6% volume decline and continued transition in $CSX's business mix.
Apple ($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%."