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U.S. Morning Call: Apple soars; crushes Street estimates

Wednesday, April 25, 2012 - 02:20

April 25 - Apple posts a profit that nearly doubled to $11.6 billion, crushing expectations and dispelling fears of declining iPhone sales.

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Here's your morning -- this Wednesday it brokerages increasing their price target on apple -- in another. Stellar quarter -- tech powerhouse posting a profit that nearly doubled eleven point six billion and crashed expectations. Apple's selling -- 35 million iPods in the quarter and close to twelve million ipads though. That number with a touch below forecast sales in greater China experienced a fivefold increase. The stock is up about fifty -- in the premarket about 600 dollars. Goldman raising its target 850. Apple helping futures climb especially the NASDAQ-100 futures they -- up nearly 2%. Stocks will also have to contend with that decision out at 1230 that's followed by news conference at 2:15 PM with chairman Ben Bernanke. Is expected to express is slightly more -- -- -- on the economy and no change on the -- -- interest rates where they are until at least late 2014. Of artists -- last week indicated economists see third round on purchases by the Central Bank is a bit less likely. Then they -- in March. The SEC is trying to find out more about the dealings of movie studios with the Chinese. Source says the regulators sent letters to twenty sentry box. Disney DreamWorks and others asking for information about potential inappropriate payments letter also -- details about. How the studio is dealt with certain government officials in China. China is seen as the huge growth market for the industry but one that has been tightly controlled by the government. The European Union's executive says it does not intend to impose any measures on imports of US beef. Following the discovery of the case of mad house in California. But South Korea has decided to avoid stricter checks in Russia is considering a temporary restrictions. US investigators -- the first case of mad cow in the country in six years. Posed no danger of me from the infected -- cal entering the change. They see the case with atypical -- the -- contracted the case on teen is sleek and not through the food supply. Cattle futures rebounding just a bit from losses suffered as a results of the report. Stocks to watch this morning include WellPoint health insurer reported a lower profit that topped expectations and raised its outlook. And Eli Lilly the drug maker posted a decline in earnings due to -- sales of its. The access schizophrenia drug whose patent expired -- the earnings beat estimates. That's -- congress Wednesday on Rogers this is Reuters Insider.

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U.S. Morning Call: Apple soars; crushes Street estimates

Wednesday, April 25, 2012 - 02:20