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Apple Inc. (NASDAQ:AAPL) will release its second quarter earnings Tuesday afternoon following the closing bell. Consensus for earnings per share is $10.06, and $36.81 billion for revenue, reports First Call. Of particular interest will be sales of iPhones, in the face of recent slumps; the device comprised 52.66 percent of the company’s revenue in its fourth quarter. Apple guidance for its second quarter is approximately $8.50 with revenue of $32.5 billion. Whisper says earnings per share will be $11.57, revenue of $41.87 billion, and gross margin 41.2 percent. Whisper also estimated sales of iPhones at 31.73 million, iPods 15.77 million, and Macs 5.14 million, which compares to first quarter reported sales figures of 37.04 million iPhones, 15.43 million iPads, 5.2 million Macs, and 15.4 million iPods. Apple Earnings Sneak Peek>>
AT&T, Inc. (NYSE:T) reports that its business revenues saw their best year-to-year comparison in the last three years, although total business revenues were $9.2 billion, which is down 0.8 percent year-to-year. Business service revenues’ decline was far less than the same quarter a year ago, by 0.3 percent year-to-year compared to 4.4 percent, and were basically constant sequentially. Impressive growth in strategic business services offset decreases in legacy products. Revenues from the former, which represents the new-generation capabilities that lead AT&T’s most advanced business solutions including Ethernet, VPNs, hosting, IP conferencing and application services grew 19.0 percent year-to-year, continuing the strong trends in the area, and currently represents a $6.2 billion annualized revenue stream. Finally, total business data revenue growth moved up to 4.2 percent year-to-year, the strongest showing in four years. AT&T Earnings Cheat Sheet>>
Verizon Communications Inc.’s (NYSE:VZ) proposed $3.6 billion purchase of AWS spectrum from SpectrumCo, was the subject for discussion of T-Mobile (DTEGY) CEO Philipp Humm’s meeting with the FCC. GigaOm reports that T-Mobile is not interested in buying the 700MHz licenses that Verizon has offered as a proposed condition for the acquisition.
Nokia Corporation (NYSE:NOK) Executive VP and CFO Timo Ihamuotila says, concerning its unsolicited rating from Fitch, that “We are quickly taking action to position Nokia for future growth and success. Nokia will continue to increase its focus on lowering the company’s cost structure, improving cash flow and maintaining a strong financial position.”. Further, the company’s financial position is said to remain strong, with gross cash balances of EUR9.8 billion, and a net cash position of EUR4.9 billion at the end of its first quarter. Nokia Earnings Cheat Sheet>>
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