“Shares of [Apple Inc. – AAPL], the Cupertino, Calif., company are up slightly as the company prepares to report third-quarter earnings after the markets close Tuesday,” Brett Molina reports for USA TODAY.
“Analysts are forecasting quarterly revenue [of] $35 billion with an earnings-per-share of $7.30,” Molina reports. “Investors are seeking fresh reasons to get excited about Apple stock, which has slowly plummeted after soaring to an all-time high of $702 last September.”
Read more in the full article here.
MacDailyNews Note: Apple has 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%
Apple will provide live audio streaming of its Q313 Third Quarter Results Conference Call using Apple’s industry-leading QuickTime multimedia software. The live webcast will begin at 2:00 p.m. PDT on Tuesday, July 23, 2013 at www.apple.com/quicktime/qtv/earningsq313 and will also be available for replay for approximately two weeks thereafter. The webcast is available on any iPhone, iPad or iPod touch running iOS 4.2 or above, any Mac running OS X 10.5 or above or any PC running QuickTime 7 or later.
As usual, MacDailyNews will provide live notes of Apple’s Q313 conference call today at 5pm EDT. Check our home page for the link later today at approximately 4:45pm EDT.