We're looking at seeds of change within Apple (AAPL). But first, there's a flurry of earnings reports out this morning.
Ford (F) is on a roll. The automaker says it made 41-cents a share excluding charges, topping estimates of 37-cents and also beating revenue. Boeing (BA) also beat on both the top and bottom lines posting $1.73 per share, soaring above estimates of $1.49. Procter and Gamble (PG) managed to beat on core earnings as well, posting 99-cents per share, though revenues were less than estimates.
On to Apple, the company reported after yesterday's closing bell. Right now the company is down in premarket trading as traders digest the news. Apple beat estimates, posting earnings of $10.09 a share on $43.6 billion dollars in revenue. But there was a steep drop in profits from last year, when earnings were $12.30 per share, even though revenues have risen 11%. Digging deeper into the report: the company sold 37.4-million iPhones a rise of more than 2-million from a year ago. It Read More »from Apple Announces Historic Buyback; AP Hack Attack, Whirlpool Catches Wave