Want to join the conversation?
$GMCR 3Q15 Call: Outlook FY15: We expect net sales decline of low-single to mid-single-digits compared to FY14; an annual effective tax rate of approx. 34.5-35%. Non-GAAP EPS to decline in low-teens. This outlook includes an estimated $0.13 headwind from FX translation. Free cash flow $150-200MM range & Capital investment to be in $400-450MM range.
Apple ($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%."