Apple's (AAPL) New Share Buyback Plan Will Juice EPS
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April 25, 2013 7:07 AM EDT
Hilliard Lyons upgraded Apple (NASDAQ: AAPL) from Long-Term Buy to Buy.
For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.
Shares of Apple closed at $405.46 yesterday, with a 52 week range of $385.10-$705.07.... More
April 24, 2013 11:51 AM EDT
UBS lowered its price target on Apple (NASDAQ: AAPL) from $560 to $500 but maintained a Buy rating following Q2 results and weak Q3 guidance.
Analyst Steven Milunovich notes a summer lull is coming, but so are the buybacks. "The buyback is accretive to... More
April 23, 2013 5:39 PM EDT
On call, Apple, Inc. (NASDAQ: AAPL) CFO said the company will begin its aggressive share buyback plan this month. The company $58 billion remaining on its $60 billion authorization. Plans to use accelerated repurchase agreements and buy in the open market.... More
April 23, 2013 4:30 PM EDT
(Updated - April 23, 2013 4:34 PM EDT)
Apple, Inc. (NASDAQ: AAPL) reported Q2 EPS of $10.09, $0.02 better than the analyst estimate of $10.07. Revenue for the quarter came in at $43.6 billion versus the consensus estimate of $42.59 billion.
The Company sold 37.4 million iPhones in the quarter, compared to 35.1 million in the year-ago quarter and the consensus of 34 million. Apple also sold 19.5 million iPads during the quarter, compared to 11.8 million in the year-ago quarter and the consensus of 18.5 million. The Company sold just under 4 million Macs, compared to 4 million in the year-ago quarter.
"We are... More
