On July 23rd, “according to Thomson Financial, Wall Street expects Apple to report earnings of $7.33 on sales of $35.17 billion,” Philip Elmer-DeWitt reports for Fortune.
“Even that is too optimistic, according to Fortune’s preliminary survey,” P.E.D. reports. “The median revenue estimate from the 35 Wall Street analysts who have responded so far is $35.02 billion.”
P.E.D. reports, “That’s an interesting number, because $35.02 billion happens to be precisely what Apple reported in the same quarter last year. In other words, Apple’s revenue growth year over year would be zero.”
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MacDailyNews Note: On April 23, 2013, Apple provided the following guidance for its fiscal 2013 third quarter:
• revenue between $33.5 billion and $35.5 billion
• gross margin between 36 percent and 37 percent
• operating expenses between $3.85 billion and $3.95 billion
• other income/(expense) of $300 million
• tax rate of 26%