iPhone and iPad maker Apple (NASDAQ:AAPL) will be reporting earnings this Thursday after market close. Here’s what investors should know.
Apple beat analysts’ revenue expectations by 0.7% last quarter, reporting revenues of $95.36 billion, up 5.1% year on year. It was a satisfactory quarter for the company, with We were also happy its revenue narrowly outperformed Wall Street’s estimates.
Is Apple a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Apple’s revenue to grow 4.2% year on year to $89.34 billion, in line with the 4.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.43 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Apple has missed Wall Street’s revenue estimates three times over the last two years.
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