“With a $755 billion market cap and products that inspire throngs of devoted fans, Apple is pretty accustomed to being the center of attention,” Maggie McGrath reports for Forbes. “But when the tech giant reports its earnings results Tuesday afternoon, it could draw extra scrutiny from members of its own cohort, entirely because of the influence it can yield. According to one analysis, Apple’s earnings results have the ability to determine whether or not the information technology sector as a whole reports a second quarter earnings gain — or a second quarter earnings loss.”
“Wall Street analysts expect Apple to report $1.80 in second quarter earnings per share,” McGrath reports. “The ‘whisper number’ compiled by analyst John Scherr is even higher at $1.83 per share; this is because, in the 68 earnings reports for which Scherr has data, Apple has come in above estimates 48 times. But if Apple fails to match the whisper number yet manages to meet or beat the Wall Street consensus, its earnings will be a boon to the IT sector — more so than even Google, Intel, IBM or Netflix, four tech giants that have all reported second quarter earnings beats. According to FactSet analyst John Butters, earnings at or above $1.80 per share will make Apple the largest contributor to the S&P technology sector for the fourth quarter in a row.”
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