NEW YORK -- Apple , the iPhone, iPad and iPod maker, said Tuesday it would buy back an additional $50 billion in stock, raising its total outlay for share repurchases to more than $60 billion.
Apple also raised its quarterly dividend to $3.05 a share, an increase of 15% over its previous level.
Apple reported second-quarter earnings of $10.09 a share on revenue of $43.6 billion as iPad sales rose 65% year over year to 19.5 million units a year. The company sold 37.4 million iPhones in the quarter compared to 35.1 million in the year-earlier quarter. Apple also sold just under 4 million Macs, compared to 4 million in the year-earlier quarter.
Analysts expected the tech giant to earn $10.01 a share on $42.31 billion in revenue.
For the fiscal third quarter, Apple said it expects revenue will be between $33.5 billion and $35.5 billion, with gross margins between 36% and 37%.
AT&T posted first-quarter revenue that missed Wall Street estimates.
The telecom giant reported sales of $31.4 billion, down 1.5% from the prior year's quarter. Analysts were looking for revenue of $31.75 billion.
Excluding items, AT&T earned 64 cents a share, up from 59 cents a share in the prior year's quarter and in line with Wall Street's forecast.
The Apple iPhone partner sold 6 million smartphones -- a first-quarter record. AT&T added 1.2 million postpaid smartphone subscribers during the quarter. The company said that 72% of its postpaid phone subscribers had smartphones, up from 61% in the year ago quarter.
AT&T's total wireless revenue was $16.7 billion, an increase of 3.4% on the prior year's quarter. The Dallas-based firm posted a net increase of 291,000 total wireless subscribers during the quarter.
Ford is expected by Wall Street on Tuesday to post first-quarter earnings of 38 cents a share share on revenue of $33.83 billion.
Ford has been getting a boost from demand for new vehicles and pickup trucks in the U.S. Its market share in the first quarter rose to 16.2% from 15.5% a year earlier.
Sales are also gaining in China.
The automaker posted year-earlier earnings $1.4 billion, or 35 cents a share, on revenue of $32.4 billion.
Boeing is forecast to earn $1.48 a share in the first quarter on revenue of $18.84 billion.
When Boeing reports Wednesday, investors will be keying in on when the company's 787 Dreamliners, grounded since mid-January, will be flying again. The latest reports said the plane could be flying in a week after Boeing's new battery design received regulatory approval.
Last year, the aerospace giant posted a profit of $923 million, or $1.22 a share, on revenue of $19.38 billion.
Yum Brands , the owner of KFC, Pizza Hut and Taco Bell, posted a steep decline in quarterly net income as same-store sales in China fell 20% on a controversy over its chicken supply. A report on Chinese TV in December said some KFC suppliers were giving chickens unapproved levels of antibiotics.
Yum earned $337 million, or 72 cents a share, in the first quarter, down from $458 million, or 96 cents a share, a year earlier. Adjusted earnings in the quarter were 70 cents a share; analysts were looking for 60 cents.
Revenue of $2.54 billion came in below analysts' forecasts of $2.56 billion.
Procter & Gamble is expected by Wall Street on Wednesday to report fiscal third-quarter earnings of 96 cents a share on revenue of $20.72 billion.
-- Written by Joseph Woelfel
>To contact the writer of this article, click here: Joseph Woelfel
>To submit a news tip, send an email to: firstname.lastname@example.org.