While the quarter was in line on EPS and slightly ahead on sales, the guidance for Q3 on sales is pretty bad (33.5-35.5 billion compared to 39.43 billion consensus and 35.0 billion last year).
On the other hand, they raised their share repurchase plan to $60 billion and expect to complete it by 2015. They also boosted the dividend by 15% to 12.20 per year (at 400, this is 3.05%). To buy back stock, they will be borrowing apparently.
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