Spurred on by record sales of its iPhone and Mac products, Apple Inc. has posted a quarterly revenue and profit result that has managed to soundly surpasses the average analyst’s estimates. Following Apple’s stunning results, the company’s shares gained 7.5 percent to end at around $204 in extended trading, reflecting renewed investor confidence in the technology industry as of late.
Analysts have praised Apple’s financial guidance this quarter, stating that while the company’s forecasts of its results are usually fairly conservative, their revenue estimates matched with Wall Street’s guesses. Apple has also received great praise for its ability to draw consumer …read more

General Electric has posted a quarterly decrease in profit of 42 percent, a result that, while disappointing in and of itself, actually marks an improvement from what analysts predicted for the massive company. In fact, GE’s results showed that its important industrial business is showing signs of recovery, hitting a record $174 billion backlog of equipment and services orders.
The company’s quarterly revenue was smaller than analysts expected, but the strong performance of its industrial and media businesses helped to stave off GE’s current main weakness, its GE Capital financial division. GE’s results sent its shares down 5.5 percent, or 92 …read more