Apple shares up 2.5% ahead of earnings report

“Shares of Apple Inc. rose 2.5% late Tuesday afternoon ahead of the company’s earnings report for its third fiscal quarter,” Dan Gallagher reports for MarketWatch. “The stock was up $5.73 to $251.31.”

“Apple is expected to report revenue of $14.75 billion for the quarter ended June 27 — up 77% from the same period last year, according to consensus estimates from Thomson Reuters,” Gallagher reports.

“Earnings per share are expected to come in at $3.11 compared with $1.35 in the same period last year,” Gallagher reports.

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