“Apple will be announcing its fiscal 3Q16 results on July 26, 2016,” Adam Rogers reports for Market Realist. “Analysts expect the firm to post revenues of $42.03 billion for the quarter, which ended in June 2016, with a low estimate of $41.16 billion and a high estimate of $43.29 billion.”
“Apple’s EPS (earnings per share) are expected to be $1.39, with a high estimate of $1.52 and a low estimate of $1.23,” Rogers reports. “If Apple meets analyst revenue estimates of $42.03 billion, it would still mean a YoY (year-over-year) decline of 15.3% over 3Q15.”
“Apple beat its analyst estimate for EPS in 3Q15 by 2.2%, when the firm announced EPS of $1.85. Apple also beat the analyst EPS estimate in 4Q15 and 1Q16, by 4.3% and 1.5%, respectively,” Rogers reports. “The company, however, posted EPS 5% lower than the analyst estimate in 2Q16.”
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MacDailyNews Note: On April 26, 2016, Apple provided the following guidance for Q316:
• revenue between $41 billion and $43 billion
• gross margin between 37.5 percent and 38 percent
• operating expenses between $6 billion and $6.1 billion
• other income/(expense) of $300 million
• tax rate of 25.5 percentSEE ALSO:
Apple to release Q316 earnings, webcast live conference call on July 26th – June 28, 2016