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Abstract:Apple will report its fiscal third quarter results after the market closes Tuesday. Analysts expect it to show its profit fell from a year ago.
Wall Street has muted expectations for Apple's latest earnings report.
The electronics giant is slated to announce its fiscal third quarter results after the market closes on Tuesday. On average, the analysts polled by Bloomberg expect Apple to report that its profit fell from the year-earlier period on flat sales.
Apple has been struggling with a slump in demand in China that analysts attribute to both the high costs of its phones and to growing economic nationalism among Chinese consumers. In the first half of its current fiscal year, Apple saw sales in its greater China region, which includes Hong Kong and Taiwan as well as the Chinese mainland, fall by more than 20%.
Here's what analysts are expecting and how those forecasts compare with Apple's year-earlier results:
Q3 Revenue: $53.4 billion. In the same period a year ago, the company posted sales of $53.3 billion.
Q3 earnings per share (GAAP): $2.10. In its third quarter last year, Apple earned $2.34 a share.
Q4 Revenue: $61 billion. Last year, Apple saw sales of $62.9 billion in its fourth quarter.
Q4 EPS: $2.69. The iPhone maker earned $2.91 a share in the same period of 2018.
In afternoon trading leading up to Apple's report, its shares were little changed. In recent trading, its stock price was up 7 cents, or less than 1%, to $209.75.
We will be updating this story after Apple reports its results. Refresh this page or click here for updates.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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