The shares of Apple Inc.(NASDAQ:AAPL) slipped below $600 mark on
Tuesday after trading in the range bound earlier in the session. Volume has
spiked in the final hour as the company is juts 1.50-2 hours away from
reporting their third quarter earnings.
Can APPL end the current year above $1000 mark, find Our Free
Report
As we all know that Apple has history of reporting much
better than estimated earnings due to its dominant position in the smartphone
industry. However, this time investors as well as analysts are bit cautious
stating that the company’s recent quarter’s sales could be slower due an
anticipated launch of iPhone5 by the end of this year. How Should Investors
React To AAPL’s Earnings, Get Free Analysis
As a tech lover, anyone would prefer to buy the latest
technology and therefore buyers are estimated to postpone their buying until
the company launches its upgraded version.
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Average analysts are estimating the company to report $10.36
a share in earnings and revenue of $37.18 billion. In a year ago quarter, the
company had $7.79 a share on revenue of $28.57 billion. However, whisper
earnings are estimating the company to report $11.89 a share. Not only profit
and revenue is going to be critical, investors and analysts around the globe
would look for the company’s sales of iPhone, which contributes the majority of
revenues.
Also, comments from the company would be closely watched
regarding upcoming updates, net profit and net revenue target. In its last
quarter, the company guided to earn $8.68 a share on revenue of about $34
billion. The company sees Q3 gross margins falling to 41.5%.
Shares of AAPL are now down 0.77% to $599.19 with forty
minutes of trading are still left.
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