Apple in focus; Sarepta Therapeutics sinks; Baxter earnings beat
Today's big winners and losers
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Apple (AAPL) – The tech giant is expected to report its first year-over-year decline in iPhone unit sales after the market closes today. Analysts forecast the tech giant will report 50 million in iPhone sales, down from 61 million one year ago.
Baxter (BAX) – The company reported a first-quarter earnings and sales beat. The medical products and services company posted adjusted earnings per share of $0.36 on revenue of $2.38 billion.
Sarepta Therapeutics (SRPT) – The biotech stock is crashing after disclosing that a FDA advisory committee did not recommend the approval of its drug eteplirsen.
Disney (DIS) -The Wall Street Journal is reporting that Chinese regulators are blocking Disney’s online content amid a crackdown in China.
Facebook (FB) – The social networking giant is reportedly working on a new app to go head-to-head with Snapchat. The Wall Street Journal is reporting that the app is being developed by Facebook's "friend-sharing" team in London and is in its early stages.
JetBlue (JBLU) – The airliner topped first-quarter earnings expectations. JetBlue reported earnings per share of $0.59 on revenue of $1.62 billion.
Coach (COH) – The luxury retailer’s fiscal third-quarter earnings beat Wall Street expectations as net sales rose 11% year-over-year.
Procter & Gamble (PG) – The company posted mixed quarterly results. Its earnings beat estimates, but Procter & Gamble warned that its fourth-quarter outlook will be "significantly lower" than last year.
T-Mobile (TMUS) – The wireless carrier reported first-quarter profits that surpassed analysts' expectations, posting earnings per share of $0.56. That topped analysts' expectations of $0.10. T-Mobile added 2.2 million net customers during the first three months of the year.
