Apple (AAPL) PT Raised to 'Street High' $195 at Cantor Fitzgerald
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Apple Reports Record Second Quarter Results
April 27, 2015 4:30 PM EDTStrong performance of iPhone, Mac & App Store drives 27% revenue growth & 40% EPS growth, setting new second quarter records
CUPERTINO, Calif.--(BUSINESS WIRE)-- Apple® today announced financial results for its fiscal 2015 second quarter ended March 28, 2015. The Company posted quarterly revenue of $58 billion and quarterly net profit of $13.6 billion, or $2.33 per diluted share. These results compare to revenue of $45.6 billion and net profit of $10.2 billion, or $1.66 per diluted share, in the year-ago quarter. Gross margin was 40.8 percent compared to 39.3 percent in the year-ago quarter. International sales accounted for 69 percent of the quarters revenue.
The growth was... More
Apple Expands Capital Return Program to $200 Billion
April 27, 2015 4:30 PM EDTCUPERTINO, Calif.--(BUSINESS WIRE)-- Apple® today announced that its Board of Directors has authorized an increase of more than 50 percent to the Companys program to return capital to shareholders. Under the expanded program, Apple plans to utilize a cumulative total of $200 billion of cash by the end of March 2017.
As part of the revised program, the Board has increased its share repurchase authorization to $140 billion from the $90 billion level announced last year. In addition, the Company expects to continue to net-share-settle vesting restricted stock units.
The Board has also approved an increase of 11 percent to... More
