Apple beats by $0.09, beats on rev; guides Q3 rev, gross margin below consensus; raises buyback 500% bln to $60 bln; raises quarterly dividend 15% --
Co issues downside guidance for Q3, sees Q3 revs of $33.5-35.5 bln vs. $38.44 bln Capital IQ Consensus Estimate; co sees Q3 gross margin between 36-37% vs. ests of ~38.8%.