Reports its first decline in annual revenue and profit since 2001. The dow component said revenue fell for the third consecutive quarter, as iphone sales dropped from a year ago. But remember, despite the falloff in numbers, apple is still the most profitable american company. And it did issue a rosie outlook. For the latest quarter, apple earned 1. 67 a share, one cent better than estimates. Revenue fell 9 to more than 46 billion, just about in line with expectations. The stock popped, then dropped, in initial after hours trading. Josh lipton has more now on apples results. Reporter 45. 5 million, the big number in apples latest earnings reporting and first to iphone units in the companys fourth quarter. That was a drop of about 5 year over year, but it did beat analysts expectations of 44. 8 million. Question for investors is where this iphone franchise heads from here. Bears will say the best days are behind it. Like a lot of hardware you will see dropping average prices and margins
But with donald trump will Donald Trumps presidency complicated things more . Mark 30 minutes until the end of the tuesday session, gmm go with your function, Stocks Holding onto earlier gains, a flip in the Industry Groups leading todays event. Real estate stocks, utilities rising. Is health care, these are the currencies that are falling against the dollar, the dollar ascendancy continued and a flip in the bond market today. Last week, 1 trillion. Fall. Seeing yields italy, the twoyear down 5. 7 basis points and i tell you growth stronger than expected in the Third Quarter. Oil very much leading the commodities rally today. 6 , working toup streamline operations as the slump in the pound postbrexit. Exchange rate movements will cost easyjet almost 108 Million Pounds in the 12 month through september of next year versus 88 Million Euros this year pretax profit plunged 28 , expected. The brexit vote extending this drop in the town which has ated easyjets euro dollar dominated cost whic
Out. It was never public. No one knew. But on facebook people know him pore posts supporting trump and other causes. He said he was targeted because of views. It is either being racist and its not helpful for any american. And they are looking at connectis and this month they were sprayed on the homes. And someone tried to light one on fire. And it does not make sense to brittnay. We were all it is very odd. She said they were lucky they but it could have been deadly. And now the smiths say they were house sitting. The neighbor called them to tell them about the fire. A mob of thieves started through and dozens of weapons. And who was involve missing. And what they are looking for and they are looking for rifles and at this point there is no telling when it may be and to call this a burglary. And a truck rammed through the they swarmed into the business. And it took 60 seconds to clear the shelves. It appeared they were waiting to get away. They are trying to get involved. And the owne
Of trading, lets go to the close of trading where julie hyman has more. People are awaiting centralbank action, or inaction, as the case may be this week. Not Much Movement in stocks. On an intraday basis, we had a bigger pullback earlier this morning but then stocks have been bumping along in this range. If you feel that, look under the hood, you will see there is a lot of individual stock movement. It just has not been translating into much direction on the macro level. But of course it is earnings season. Day in because earnings terms of total number of companies reporting. Here are some of the winners we have seen. Caterpillar turned around today, it had been lower, but the company is now saying the Second Quarter may have been the worst for mining operations. So they may have bottomed come in other words. Texas instruments coming out with a positive forecast for the Current Quarter saying demand for the automotive sector and pictures around the home, that coming in above estimates
Passes the 50 mark. Earnings, earnings, earnings. Cisco shares down sitely despite beating despite beating the street. Company plans to lay off 7 of the work force. Well talk to Chuck Robbins. Walmart shares up after beating the streets estimates and boosting its outlook. Whats ahead for the company now that jet. Com is going to be in the mix. And a strange story coming out of brazil as two olympic swimmers are pulled off a plane while drive trying to leave that country. Live to rio for the latest on the lochte controversy. First up, walmart poised to open at a 52week high after reporting Second Quarter operating profit of 1. 7, nickel above, revenue above consensus. U. S. Comps positive for a eighth straight quarter up 1. 6 and raising their full year guidance. Traffic was up and i believe its best in eight quarters traffic, comps up 1. 6. Best in eight. Some of these initiatives are starting to bear some fruit. I was going to add the ecommerce sales to that because that was a bright