Scalper1 News
Apple sauced estimates late Monday, delivering better-than-expected March quarter sales and earnings, fueled by continued strong iPhone 6 sales. Apple sold 61.2 million iPhones in the March quarter, beating even the most optimistic forecasts. Wall Street was counting on 58 million units. The Cupertino, Calif.-based company also increased its capital return program by more than 50%. Under the expanded program, Apple plans to spend $200 billion in cash for stock buybacks and dividends by the end of March 2017. Directors increased the share repurchase authorization to $140 billion from the $90 billion level announced last year. The board also increased Apple’s quarterly dividend by 11%. Apple (AAPL) stock was up more than 1% in after-hours trading Monday, putting it in record high territory. During the regular session, Apple rose 1.8% to 132.65. Apple hit an all-time high of 133.60 on Feb. 24. For its fiscal Q2 ended March 28, Apple … Scalper1 News
Scalper1 News