Wednesday, April 27, 2016

Profit and sales forecasts violate Apple; stock falls – Yahoo Finance Spain

SAN FRANCISCO (Reuters) – Apple Inc said on Tuesday quarterly results lower than Wall Street expected and anticipated another disappointing quarter, because for the first time down the iPhone sales, its most important product.

Apple also announced it was raising its program of return of capital to 50,000 million dollars through an increase of 35,000 million dollars of its share repurchases authorized and up 10 percent of the quarterly dividend.

the company’s stock fell 6 percent after the results, in operations after the close of regular market.

Apple said it sold 51.2 million iPhones in the fiscal second quarter, down from 61.2 million in the same period a year ago, but above the 50 million expected by analysts.

However, profit of $ 1.90 per share did not meet analysts’ expectations of a profit of $ 2 per share, according to a survey by Thomson Reuters I / B / E / S.

Quarterly sales of 50,560 million also failed to comply with the forecast of 51,970 million dollars.

Apple also forecast sales for the quarter siuiente of between 41,000 million and 43,000 million , also lower than Wall Street expectations of 47,300 million

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