Stocks to Watch: Apple, AT&T, Ford, Boeing

NEW YORK -- Apple ( AAPL), the iPhone, iPad and iPod maker, said Tuesday it would buy back an additional $50 billion in stock, raising its total outlay for share repurchases to more than $60 billion.

Apple also raised its quarterly dividend to $3.05 a share, an increase of 15% over its previous level.

Apple reported second-quarter earnings of $10.09 a share on revenue of $43.6 billion as iPad sales rose 65% year over year to 19.5 million units a year. The company sold 37.4 million iPhones in the quarter compared to 35.1 million in the year-earlier quarter. Apple also sold just under 4 million Macs, compared to 4 million in the year-earlier quarter.

Analysts expected the tech giant to earn $10.01 a share on $42.31 billion in revenue.

For the fiscal third quarter, Apple said it expects revenue will be between $33.5 billion and $35.5 billion, with gross margins between 36% and 37%.

Apple Adds $50 Billion to Share Buybacks as Earnings Meet Expectations


AT&T ( T) posted first-quarter revenue that missed Wall Street estimates.

The telecom giant reported sales of $31.4 billion, down 1.5% from the prior year's quarter. Analysts were looking for revenue of $31.75 billion.

Excluding items, AT&T earned 64 cents a share, up from 59 cents a share in the prior year's quarter and in line with Wall Street's forecast.

The Apple ( AAPL) iPhone partner sold 6 million smartphones -- a first-quarter record. AT&T added 1.2 million postpaid smartphone subscribers during the quarter. The company said that 72% of its postpaid phone subscribers had smartphones, up from 61% in the year ago quarter.

AT&T's total wireless revenue was $16.7 billion, an increase of 3.4% on the prior year's quarter. The Dallas-based firm posted a net increase of 291,000 total wireless subscribers during the quarter.

AT&T Shares Slip on Revenue Miss


Ford ( F) is expected by Wall Street on Tuesday to post first-quarter earnings of 38 cents a share share on revenue of $33.83 billion.

Ford has been getting a boost from demand for new vehicles and pickup trucks in the U.S. Its market share in the first quarter rose to 16.2% from 15.5% a year earlier.

Sales are also gaining in China.

The automaker posted year-earlier earnings $1.4 billion, or 35 cents a share, on revenue of $32.4 billion.

Ford Earnings Report to Shed Light on China Ambitions


Boeing ( BA) is forecast to earn $1.48 a share in the first quarter on revenue of $18.84 billion.

When Boeing reports Wednesday, investors will be keying in on when the company's 787 Dreamliners, grounded since mid-January, will be flying again. The latest reports said the plane could be flying in a week after Boeing's new battery design received regulatory approval.

Last year, the aerospace giant posted a profit of $923 million, or $1.22 a share, on revenue of $19.38 billion.

Blue Skies Ahead for Boeing 787


Yum Brands ( YUM), the owner of KFC, Pizza Hut and Taco Bell, posted a steep decline in quarterly net income as same-store sales in China fell 20% on a controversy over its chicken supply. A report on Chinese TV in December said some KFC suppliers were giving chickens unapproved levels of antibiotics.

Yum earned $337 million, or 72 cents a share, in the first quarter, down from $458 million, or 96 cents a share, a year earlier. Adjusted earnings in the quarter were 70 cents a share; analysts were looking for 60 cents.

Revenue of $2.54 billion came in below analysts' forecasts of $2.56 billion.


Procter & Gamble ( PG) is expected by Wall Street on Wednesday to report fiscal third-quarter earnings of 96 cents a share on revenue of $20.72 billion.


-- Written by Joseph Woelfel

>To contact the writer of this article, click here: Joseph Woelfel

>To submit a news tip, send an email to: tips@thestreet.com.

Copyright 2013 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

More from Stocks

Stocks Fall Hard as Earnings Disappoint, Caterpillar Tumbles

Stocks Fall Hard as Earnings Disappoint, Caterpillar Tumbles

Jim Cramer: If You're Afraid of the 10-Year Yield, Go to Cash

Jim Cramer: If You're Afraid of the 10-Year Yield, Go to Cash

Spotify Announces Major Upgrade to Free Mobile App

Spotify Announces Major Upgrade to Free Mobile App

Looks like Coca-Cola's M&A Strategy Is Paying Off

Looks like Coca-Cola's M&A Strategy Is Paying Off

Eli Lilly CEO Expresses Confidence in New Rheumatoid Arthritis Drug

Eli Lilly CEO Expresses Confidence in New Rheumatoid Arthritis Drug