Bombardier (BDRBF) Eager to Show Results; Apple (AAPL) Downside Reception

Bombardier_BDRBF

Shares of Bombardier Inc. (OTCMKTS:BDRBF) climbed $0.16 (or +11.00%) to $1.59 on Tuesday’s trading session after the company said that a unit of Chorus Aviation Inc. (OTCMKTS:CRHVF) will purchase five CRJ900 aircraft in a deal valued at $229 million. As part of the agreement between the companies, Chorus’ subsidiary has the option to buy additional five CRJ900 aircraft

Bombardier has pushed forward its first quarter 2016 results by one day to Thursday, April 28.

1,648,309 shares of the company exchanged hands during the day, representing a very large increase in activity versus its average volume (3m) of 376,952

Bombardier, which manufactures and sells transportation equipment worldwide, has 2.22B Shares Outstanding, Market Capitalization (intraday) of $3.52B and BDRBF stock 52-week range is from $0.51 and $2.24 per share

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Apple_AAPL

Apple Inc. (Nasdaq:AAPL) shares plunged more than 6% in after-hours trading Tuesday as the company delivered quarterly financial results with profit and revenue numbers below Wall Street analysts’ expectations

For its second quarter fiscal 2016, Apple posted revenue of $50.6 billion, a 14.6% decrease year over year – representing Apple’s first decline in quarterly revenue since 2003 -, and net income of $10.5 billion, or $1.90 per diluted share, compared to net income of $13.6 billion, or $2.33 per diluted share in the same quarter the prior year. These results are below the Capital IQ Consensus Estimate of $2.00 earnimgs per share on revenues of $51.98 billion for the period

According to its business outlook for the third quarter fiscal 2016, Apple expects revenue to be in the range of $41 billion to $43 billion – also below the Capital IQ Consensus Estimate of $47.35 billion in revenue for the period

AAPL stock closed the regular session at $104.35, down $0.73 (or -0.69%)

Apple, which designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players, has 5.54B Shares Outstanding, Market Capitalization (intraday) of $578.58B and AAPL stock one-year range is between $92.00 and $132.97 per share

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