Apple reported fiscal Q2 revenue of $111.18 billion, up about 17%, and an EPS of $2.01 versus $1.94 expected, marking its 8th straight earnings beat. Tim Cook noted iPhone demand was 'off the charts', and the company authorized a $100 billion buyback while raising the dividend 4% to $0.27.
Sandisk Corporation has announced plans for a secondary public offering. The data storage company will open up 5,821,135 common stock shares (Nasdaq:SNDK) at $545 a pop. The shares are currently owned by Western Digital Corporation (WDC), Sandisk's former parent company. Sandisk separated from WDC nearly a year ago to the date, and subsequently joined the S&P 500 in November. Now, WDC is furthering that split.