The Ticker

Apple profits down despite iPhone sales

Apple Inc.'s profit and margins slid despite selling a solid 33.8 million iPhones in its September quarter, prompting disappointed investors to cash in on some of the stock's recent strong gains.

Overall revenue was $37.5 billion, ahead of Wall Street's average forecast of $36.8 billion.

Wall Street had hoped for a stronger beat on quarterly sales after the company predicted in September that its revenue and margins would come in at the high end of its own forecasts. Shares in Apple, which have gained 
17 percent since last month, slipped about 2 percent after hours to $519.10 yesterday.

Consumer Reports drops Toyota, Audi models from recommended list

Consumer Reports dumped some of its favorite vehicles — Toyota's Camry, RAV4 and Prius V — from its list of recommended cars yesterday because the vehicles scored poorly in an insurance industry crash test.

The influential magazine said it looked at the results of what is known as the small overlap crash test in making the decision to revoke its endorsement for the vehicles. The Camry is the bestselling passenger car in the United States, and the RAV4 is one of the most popular compact sport utilities.

All three have long been among Consumer Reports' top picks. Audi's A4 also lost its recommended status for the same reason.

Today

• Labor Department releases the Producer Price Index for September.
• Commerce Department releases retail sales data for September.
• Standard & Poor's releases S&P/Case-Shiller index of home prices for August.
• The Conference Board releases the Consumer Confidence Index for October.
• Commerce Department releases business inventories for August.
• Federal Reserve policymakers begin a two-day meeting to set interest rates.

TOMORROW

• ADP employment survey for October.
• Labor Department releases Consumer Price Index for September.
• Federal Reserve policymakers meet to set interest rates.

Goodwin Proctor announced that Matthew F. Walsh has been made partner. Walsh acts primarily as counsel for middle-market private equity funds and their portfolio companies.

Brenton Productions announced that Jim Cozzie and Ron Winter have joined the company as managing partners. Cozzie is a former chairman of SEMA. Winter is a veteran automotive industry marketing professional.

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