All systems appear to be a go for Apple’s (News - Alert) announcement of its third quarter earnings after the market closes today. Bloomberg.com is reporting ahead of the results that the average prediction of analysts surveyed had:
- 69 percent increasing in quarterly profits to $5.5 billion
- Sales rising 59 percent to $25 billion
Businessinsider.com sees an even more bullish outcome based on estimated revenues of $26.72 billion resulting in an earnings per share (EPS) of $7.09. And, as is typical of Apple, this would far surpass the company’s June guidance of $5.03 of EPS on $23 billion revenue guidance, and their take on the Wall Street consensus that puts revenue at $24.92 billion and $5.80 for EPS... Read More
