“As Apple approaches the release of its holiday quarter results, Wall Street analysts are adjusting their models to predict whether the consumer electronics giant had a joyous season,” Patrick Seitz reports for Investor’s Business Daily. “Apple is due to report fiscal first-quarter earnings after the market close on Jan. 27.”
“Analysts polled by Thomson Reuters expect the Cupertino, Calif.-based company to earn $2.57 a share, up 24% from the same quarter last year,” Seitz reports. “Analysts see Apple’s sales rising 16% to $67.1 billion.”
Seitz reports, “If those estimates are accurate, it would mark the company’s biggest gains in earnings and sales in two years.”
Read more in the full article here.
Apple to report Q115 earnings on January 27th – January 5, 2015