“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.”
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