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$UNH 2Q15 PR: UnitedHealth Group’s 2Q15 revenues of $36.3Bil, grew 11% or $3.7Bil YoverY. 2Q15 earnings from operations were $2.9Bil & net earnings of $1.64 per share increased 15% year over year. Second quarter net earnings grew 15% to $1.59Bil vs. $1.41 same quarter last year. The after-tax margin of 4.4% was steady, expanding 10BP YoverY.
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.
$CSCO shift from hardware to becoming a software behemoth seems to be working for the company so far. Stock has seen a steady rise since the change. But is it sustainable?
Heard about the next generation iPhone. Going by the reports, it is believed that $AAPL will release three iphones this year.
Samsung chief Jay Y. Lee arrested under $36 million bribery charges. Stocks are also down. This is going to impact the sale of its Galaxy 8, set for April release. Here’s an opportunity for $AAPL to capitalize on a rival’s fall.