Stocks to Watch: Apple, AT&T, Ford, Boeing
NEW YORK -- Apple
Apple also raised its quarterly dividend to $3.05 a share, an increase of 15% over its previous level.
Apple reported second-quarter earnings of $10.09 a share on revenue of $43.6 billion as iPad sales rose 65% year over year to 19.5 million units a year. The company sold 37.4 million iPhones in the quarter compared to 35.1 million in the year-earlier quarter. Apple also sold just under 4 million Macs, compared to 4 million in the year-earlier quarter.
Analysts expected the tech giant to earn $10.01 a share on $42.31 billion in revenue.
For the fiscal third quarter, Apple said it expects revenue will be between $33.5 billion and $35.5 billion, with gross margins between 36% and 37%.
The telecom giant reported sales of $31.4 billion, down 1.5% from the prior year's quarter. Analysts were looking for revenue of $31.75 billion.
Excluding items, AT&T earned 64 cents a share, up from 59 cents a share in the prior year's quarter and in line with Wall Street's forecast.
AT&T's total wireless revenue was $16.7 billion, an increase of 3.4% on the prior year's quarter. The Dallas-based firm posted a net increase of 291,000 total wireless subscribers during the quarter.
Ford has been getting a boost from demand for new vehicles and pickup trucks in the U.S. Its market share in the first quarter rose to 16.2% from 15.5% a year earlier.
Sales are also gaining in China.