Apple’s Third-Party Results Look Set to Be Stunningly Good
All Things D reports today that Apple looks set to report stellar, possibly even jaw-dropping third-quarter results at 5PM eastern time today at the end of trading. John Paczkowski at All Things D says that many analysts seem to be in agreement that strong hardware sales will lead to Apple posting $5.83 a share in earnings on $24.9 billion in revenue, which compares very favourably with $3.51 in earnings and $15.7 billion in revenue a year ago. Apple itself is expecting $5.03 a share on $23 billion. Paczkowski says that the actual reality when the figures are released could be even more that either the analysts’ figures or Apple’s figures. He quotes J.P. Morgan analyst Mark Moskowitz as saying that he expects that Apple’s results will exceed these two sets of figures by “a lot”. Paczkowski says that Apple has managed to beat Wall Street estimates for 13 straight quarters in a row, and today’s announcement when the closing bell sounds will most likely continue that winning streak.
Source: Apple Earnings Likely to "Wow" - John Paczkowski - News - AllThingsD