Apple’s iPad Gets Its Turn, ARM Holdings Sinks on Solid Quarter, and 3 More Hot Stocks
Apple Inc. (NASDAQ:AAPL): Tuesday is the big day for those awaiting Apple’s latest iPad editions, as the company is due to unveil a thinner and lighter version of its 9.7-inch iPad that uses thin film instead of glass, a model of its iPad Mini that features Apple’s retina display, and will be showcasing the new Mac Pro that uses a cylindrical design. The company could also provide more information on the release date for the latest version of its computer operating system, Mavericks.
ARM Holdings, plc (NASDAQ:ARMH): Although its quarterly EPS grew 38 percent to 5.11 pence, ARM shares are selling off to the tune of 4.7 percent, although revenue saw gains of 27 percent to 184 million pounds. The company sipped 2.5 billion ARM-based chips during the period, up 14 percent, while it brought in a record 48 licenses with 24 companies, 11 of which are new customers. Licensing revenue rose 54 percent to 68 million pounds; royalties grew 16 percent to 78.7 million.
Novartis AG (NYSE:NVS): Novartis is reviewing its business units that do not have global scale and critical mass, CEO Joseph Jimenez told reporters on a conference call, Reuters reports. Jimenez cited the Alcon eyecare unit and the Sandoz generics divisions being good examples of this. “In the other businesses we are looking at ways to either strengthen them or to think about other opportunities for those businesses,” Jimenez explained.
Oracle Corp. (NYSE:ORCL): Oracle prsident Mark Hurd has stated that he is “not planning” to leave his current post, helping lay rumors that he was considering the vacant top-job at Microsoft (NASDAQ:MSFT) to rest. Hurd told CNBC that he is “very happy” at Oracle, but did not deny that he had been contacted by Microsoft.
Du Pont (NYSE:DD): EPS of 45 cents beats projections by 4 cents, though revenue of $7.73 billion fell $0.05 billion shy of expectations. ”While we expect overall sequential growth in industrial market demand will remain subdued, fourth quarter operating earnings will be up substantially from last year,” Chair and CEO Ellen Kullman. Agriculture sales swelled by 15 percent, while the profits at Du Pont’s electronics segment, which supplies metal pastes and other materials used in solar panels, raced 67 percent over last year.