Apple Reports Record First Quarter Results
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February 1, 2017 10:14 AM EST
FBN Securities analyst Shebly Seyrafi raised its price target on Apple (NASDAQ: AAPL) to $145.00 (from $130.00) while maintaining a Outperform rating.
Seyrafi commented, "In summary, we believe that investors should be buying shares of AAPL after the report today as iPhone returned... More
February 1, 2017 8:12 AM EST
Drexel Hamilton analyst Brian J. White reiterated his Buy rating and $185 price target on Apple (NASDAQ: AAPL) following strong results after the close.
White highlighted:
Last night, Apple returned to revenue and iPhone unit growth with a strong 1Q:FY17 performance, combined with a conservative 2Q:FY17 outlook. We are adjusting our FY:17 estimates lower but increasing our FY:18 estimates for the iPhone "X". We reiterate our BUY rating and $185.00 price target.After three consecutive quarters of a negative revenue cycle,...
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January 31, 2017 4:48 PM EST
Apple (NASDAQ: AAPL) declared a quarterly dividend of $0.57 per share, or $2.28 annualized.
The dividend will be payable on February 16, 2017, to stockholders of record on February 13, 2017, with an ex-dividend date of February 9, 2017.
The annual yield on the dividend is 1.9 percent.
For a... More
January 31, 2017 4:30 PM EST
(Updated - January 31, 2017 4:33 PM EST)
Apple (NASDAQ: AAPL) reported Q1 EPS of $3.36, $0.14 better than the analyst estimate of $3.22. Revenue for the quarter came in at $78.4 billion versus the consensus estimate of $77.38 billion.
The company sold 78.29 million iPhone units versus the consensus of 77 million.
The company sees Q2 revenue... More
