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Market Update

Apple iPhone 6 Orders Exceed 4 Million on First Day


Author: Mukesh Buch
ticker.com
Last Update: 12:22 PM ET September 16 2014

12:15 PM New York Apple said pre-orders for iPhone 6 and 6 Plus exceeded four million on first day. Analogic net declined 4% after revenue plunged 15%. FactSet Research net jumped 7% on 9% increase of revenue. Humana plans for $2 billion stock buyback.

Tollbooth Index gained 0.4% or 41.10 to 9,452.90.

Earnings Review

Apple Inc (AAPL) slumped 1.9% or $1.97 to $99.64 after Chinese newspapers reported the company did not finalized the agreements with the government that can permit iPhone 6 sale in China before the end of this year.

Yesterday the company said preorders for iPhone 6 and 6 Plus crossed four million on the first day, exceeding expectations. The phones will be available in stores starting Friday, September 19.

Analogic Corporation (ALOG) dropped 2.5% or $1.79 to $69.70 after the medical imaging equipment maker said revenue in the fourth-quarter ending in July plunged 15% to $142 million from a year ago period.

Net income in the quarter declined 4.3% to $11.2 million or 89 cents a diluted share compared to $11.7 million or 93 cents from a same quarter last year.

FactSet Research Systems Inc (FDS) slipped 68 cents to $125.46 after the financial information provider reported revenue in the fourth-quarter ending in August climbed 9% to $238.7 million from a year ago period.

Net income in the quarter jumped 7% to $55.4 million or $1.31 a diluted share compared to $51.8 million or $1.18 from a same quarter last year.

The company forecasted revenue for the first-quarter in the range of $240 million to $243 million and diluted earnings per share between $1.31 and $1.33.

Humana Inc (HUM) climbed 2.7% or $3.48 to $131.14 after the health care company plans for share buyback of about $2 billion.

The new authorization replaced the previous program of $1 billion share repurchase.

Vanguard Natural Resources, LLC (VNR) gained 1.1% or 31 cents to $29.37 after the oil and gas explorer signed agreement to acquire natural gas, oil and liquids natural gas assets in the Piceance Basin in Colorado for $525 million from Bill Barrett Corporation.

Washington Prime Group Inc (WPG), the privately held retail real estate developer plans to acquire Glimcher Realty Trust in a cash-and-stock option in a deal valued at about $4.3 billion including debt.

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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc