Million, 7 . That is a new record. They also boosted their Share Buyback program i am joined by our editor at large, cory johnson, in new york. Munster. Eagene with you. Nt to start what was the biggest thing that stood out to you today when you heard what was said . The iphone number was the most impressive. They use that as the tip of the spear to get their ecosystem out there. That number was substantially better than what was thought. Emerging markets, that is what really stood out. There was a lot in that report. This was not your average quarterly earnings. Theres a lot on the allocation side and it is dense dividends. The number was a disappointment. A look athen you take the numbers, Paul Kedrosky called a Financial Engineering that has nothing to do with apples core business. How do you respond to that . He is completely wrong. I like to say that about paul because it is completely fun. Not the crooked Financial Engineering that i used to look for when i was a short seller loo
And for the time being europe is mostly in the green over there our road map begins with facebook, smashing analyst comments. The cfos comments about teens using the site is spooking investors. And a double dose of dow earnings. And well speak exclusively with the ceo kroeger in just a few minutes. Investors were spooked when the cfo made comments about teens. Usage of facebook among u. S. Teens was stable from q 2 to q3 but we did see a decrease in daily users, specifically among younger teens. This is nothing new. Theyve been talking about this for a while. But to hear them say it, they have denied it in the past. The q a for this is the stock was at 55 and 56. First you hear teenage decline, 52, 53. And then you hear ads will decline and its boom, to 50. Theyre doing 2 billion in revenues now. You listen to the call, you were kind of blown away by how well theyre do bug thing but ty give you that chink. The thesis by the end is this people doesnt use it anymore because theyre younge
Billion in buy backs. The company also approved Quarterly Dividend of 8 , nearly 3. 29 a share. Analysts were looking for about 38 million phones to have been sold. Apple earning 11. 62 a share and that blew expectations out of the water there, too. More than a dollar above estimates. Revenue came in at 45. 6 billion. That was more than 2 billion above expectations. Heres what carl icahn tweeted out after apples report. Agree completely with apples increased buyback. Believe well be happy within we see new products. As we said at conference yesterday, we continue to believe apple remains meaningfully undervalued. Many analysts fail to understand the company. Well, investors really took a second look at this, jumping on apple shares, soaring more than 40 in the late trading, gain of 7. 5 . We haven aanalyst coming up in a few minutes. One of the tweets that was really great yesterday was like 11 weeks and 6 days of doubting apple in the quarter and one day of believing and jumping back
Bead beat. Europe in the green as draghi continues to talk down the euro. A shareholder friendly quarter for apple. A beat on the top and bottom line. Increased buyback, stock split calling it the isplit. Twofaced quarter for facebook. Profits blew away the estimates but Company Warning there might be a new normal of slower revenue growth. Another beat and victory for cost cuts, caterpillar raising its outlook. Sees improvements in the building industry. tis the season to make a health care deal. Zimmer buys rival more than 13 billion is the Purchase Price. The industry ripe for more consolidation . Apple coming off the companys best nonholedy quarter ever. Results did beat expectations as almost 44 million iphones were sold in the period. Apple announcing the seven for one stock split, 8 different hike and increase in the Share Buyback program. Ceo tim cook on last nights Conference Call. Take a listen. We decided to continue to allocate the vast majority of the Incremental Capital re
Quarter, its best quarter ever. More than 45 billion five percent and profit of 10 million, 7 . That is a new record. They also boosted their Share Buyback program. I am joined by our editor at large, cory johnson, in new york. Also gene munster. Gene, i want to start with you. What was the biggest thing that stood out to you today when you heard what was said . The iphone number was the most impressive. They use that as the tip of the spear to get their ecosystem out there. That number was substantially better than what was thought. Emerging markets, that is what really stood out. There was a lot in that report. This was not your average quarterly earnings. Theres a lot on the allocation side and dividends. The ipad number was a disappointment. Cory, when you take a look at the numbers, Paul Kedrosky called it Financial Engineering that has nothing to do with apples core business. How do you respond to that . He is completely wrong. I like to say that about paul because it is complete