AAPL Technical Analysis Chart 10/11/2016 by ChartGuys.com
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Pedestrians hold umbrellas while walking past a Snapchat sign displayed outside of the New York Stock Exchange in New York, Oct. 21, 2016.
Check out which companies are making headlines after the bell on Tuesday:
Shares of Apple fell more than 2 percent in choppy trade after a mixed earnings report. The company posted quarterly earnings per share of $1.67, or 1 cent above analyst estimates. The tech giant"s revenues of $46.9 billion fell mostly in line with analyst expectations of $46.94 billion. Its enormous cash pile grew to $237.6 billion in the fiscal fourth quarter, up $6.1 billion from the previous quarter.
With 45.5 million units, the company reported more iPhone sales than expected during the quarter. Apple was expected to report after the bell that it shipped 44.8 million iPhones. When asked about Samsung, CEO Tim Cook told CNBC "it"s hard to estimate" the opportunity of Samsung"s Note 7 dilemma "but we obviously welcome all switchers."
Panera"s stock climbed more than 5 percent after it reported earnings Tuesday. The fast casual restaurant chain posted quarterly adjusted earnings of $1.37 a share on revenues of $684 million, beating Wall Street expectations for both figures. The company noted it has seen weaker comparable net bakery-cafe sales in the first 27 days of the fourth quarter due to Hurricane Matthew. It also raised its guidance for full-year fiscal 2016, increasing its non-GAAP diluted EPS target to a range between $6.67 and $6.72 a share.
Shares of Pandora fell more than 5 percent after the company missed expectations on its quarterly results Tuesday. The streaming giant reported a quarterly loss of 7 cents per share, which is larger than the expected loss of 6 cents a share. It also fell short of top-line expectations, posting revenues of $352 million, compared to estimates of $366 million.
Chipotle"s stock dropped more than 2 percent after the bell Tuesday. The burrito chain reported earnings of 27 cents per share on revenue of $1.04 billion in revenue, falling short of revenue forecasts. Analysts anticipated the company would post $1.09 billion in revenue, according to Thomson Reuters estimates.
Juniper Networks saw its stock spike more than 7 percent after reporting earnings. The technology company posted quarterly adjusted earnings of 58 cents a share on revenues of $1.29 billion, beating expectations. It also raised its fourth-quarter outlook slightly above estimates.
Check out which companies are making headlines before the bell:
Coca-Cola The beverage maker reported adjusted quarterly earnings of 49 cents per share, beating Street forecasts by a penny a share. Revenue was also above estimates. Coke said it"s had 4 percent organic sales growth so far this year, and has also seen margins expand more than 50 basis points.
Comcast The NBCUniversal and CNBC parent reported quarterly profit of 92 cents per share, beating estimates by one cent a share. Revenue was above estimates, as well. Comcast said that the Rio Olympics were the most profitable in its history, and also reported upbeat result for cable and for video subscriptions.
Boeing Boeing beat estimates by 21 cents a share, with adjusted quarterly profit of $2.81 per share. Revenue also beat forecasts, and the aircraft maker raised its full-year revenue and profit forecast.
Northrop Grumman The defense contractor earned an adjusted $3.02 per share for the third quarter, above estimates of $2.81 a share. Revenue also beat Street forecasts and the company raised its full year 2016 earnings forecast above consensus estimates thanks to improved aerospace sales.
Southwest Airlines The airline came in five cents a share above Street estimates, with adjusted quarterly profit of 93 cents per share. Revenue was slightly shy of estimates, however. Southwest benefited from lower fuel prices and record traffic, but the shares were under pressure in premarket trading because of lower-than-expected growth in the key metric of revenue per available seat mile.
Garmin The maker of wearable fitness devices came in 21 cents a share above estimates, with adjusted earnings of 75 cents per share. Revenue was also well above estimates on strong growth in its fitness, outdoor, marine, and aviation categories.
Apple Apple reported quarterly profit of $1.67 per share, a penny a share above estimates. Revenue was in line with forecasts, but it did post its first year-over-year decline in profit and revenue since 2001. The company predicted a return to profit growth in the current quarter, helped by iPhone 7 sales.
Chipotle Mexican Grill The restaurant chain saw revenue fall shy of analysts" estimates for its latest quarter, with comparable sales falling a greater-than-expected 21.9 percent. Chipotle gave a somewhat optimistic current-quarter projection for comparable sales, however, saying they would come in down in the low single digits.
Panera Bread Panera beat estimates by three cents a share, with adjusted quarterly profit of $1.37 per share. The restaurant chain"s revenue also exceeded forecasts. Panera raised its profit forecast, as well, as it continues to enjoy the benefit of higher prices.
Generac The maker of commercial and residential generators beat estimates by five cents a share, with quarterly profit of 82 cents per share. Revenue was also above forecasts. Generac increased its fiscal 2016 outlook for residential sales, helped by an increase in power outages.
Edwards Lifesciences Edwards reported in-line adjusted quarterly profit of 68 cents per share, but the medical device maker"s revenue fell short of estimates. The company"s results were hurt by lower-than-expected international sales of its heart valve devices, among other factors.
Juniper Networks Juniper reported adjusted quarterly profit of 58 cents per share, six cents a share above estimates. The networking equipment maker"s revenue came in slightly above projections. The company also issued a current-quarter outlook that was slightly higher than Street forecasts.
Pandora Media Pandora lost seven cents per share for its latest quarter, one cent a share wider than anticipated. The music streaming service"s revenue also missed forecasts, as did its full-year forecast. Pandora"s active users totaled 77.9 million in the quarter, down from 78.1 million in the prior quarter.
Express Scripts Express Scripts matched estimates with quarterly profit of $1.74 per share, but narrowed its full-year guidance while raising the midpoint of that forecast. The pharmacy benefit manager is projecting profit of $1.84 to $1.90 per share, above consensus forecasts of $1.74 a share.
Akamai Akamai came in seven cents a share above estimates, with adjusted quarterly profit of 68 cents per share. Revenue also beat forecasts. The web services company gave strong current-quarter guidance on increasing demand for its cloud security products.
Toyota The automaker is recalling 5.8 million vehicles in Japan, Europe, and China in yet another round of recalls related to faulty Takata airbag inflators, including some that had been used as replacements in a prior recall six years ago.
Vodafone Vodafone was fined $5.6 million by British regulators for "serious and sustained" customer failures. Regulators say the mobile operator did not act quickly to deal with those issues, largely related to billing procedures.
Las Vegas Sands, Wynn Resorts These and other companies operating in Macau may benefit today from news that Macau casino operator Galaxy Entertainment saw profit rise 28 percent in the third quarter. It"s the latest sign that the long slump for Macau casino operations may have finally bottomed out.
Wal-Mart Stores Wal-Mart may reverse its decision to invest in Flipkart, India"s largest online retailer. The Economic Times reports that Wal-mart is having second thoughts about its potential $1 billion investment on suspicions that Flipkart may have been inflating its numbers. The report comes in the wake of Flipkart Chief Financial Officer Sanjay Baweja"s resignation this week.
Alphabet Google Fiber division is looking for a new leader following the resignation of chief Craig Barratt. Barratt will remain an advisor to the company.
Apple Inc - AAPL Stock Chart Technical Analysis for 05-12-16
Google may have last week managed to overtake Apple as the worlds most valuable company for the second time this year, but as was the case last time, it didnt last long. AsPhilip Elmer-DeWitt noted in his blog, Apple has quickly regained its number one slot
The back-and-forth reflects Apples changing stock market fortunes as the market attempts to make sense of the recent decline in iPhone sales. Even noted billionaire investors seem uncertain which way to bet, Carl Icahn bailing out as Warren Buffet jumped in.
Quartz reporter and former WSJ finance writerMatt Phillips suggested that Buffetts move may, paradoxically, be because he thinks Apples days of rapid growth are over.
Berkshire Hathaways stake is actually just an acknowledgement of the direction Apple has been heading in for years under CEO Tim Cook. Since taking the helm in 2011, Cook has essentially been tasked with managing the transformation of Apple from a fast-growing company seemingly immune to the law of large numbers, to a more statelybut still incredibly profitablecorporate powerhouse that consistently showers shareholders with dividends and buybacks.
Now, Apple is joining the ranks of the high-quality, if somewhat sleepy, clutch of corporations Berkshire has owned for decades, including Coca-Cola and IBM. There are worse fates.
InvestorPlace agrees that Buffett enters stocks for the long run.
If youre a shareholder, theres definitely reason to cheer todays news. While Mr. Icahn is the stereotypical corporate raider swooping into a position, rabble-rousing and demanding changes, dividends and buybacks, and then selling out Buffett cares only about long-term investing.
HasAAPL become a boring blue-chip investment, or is there more big-time growth to come? Share your thoughts in the comments.
