“Since nothing exciting will happen with Apple’s earnings call and results, let’s all agree to go home and go to sleep now. Okay?” Chris Ciaccia writes for TheStreet. “Fat chance.”
“As is now the case with Apple, guidance is the key, given the company has changed its reporting methodology in the past few quarters, as it becomes a more mature tech company, and is no longer the hyper-growth company it was just a few years ago,” Ciaccia writes. “When Apple reported fiscal first-quarter earnings, it gave second-quarter guidance, saying it expects revenue between $42 billion and $44 billion, with margins between 37% and 38%, and operating expenses between $4.3 billion and $4.4 billion, with a 26.2% tax rate.”
Ciaccia reports, “Analysts surveyed by Thomson Reuters are expecting the Cupertino, Calif.-based Apple to report earnings of $10.18 a share on $43.53 billion in revenue, which would be a slight decline in revenue year over year, as Apple continues to promise new products and new categories.”
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