“Apple will release the financial results for its 2016 third quarter after the market close on Tuesday, July 26,” Amanda Schiavo reports for TheStreet. “Analysts are expecting the tech giant to report a year over year decline in earnings per share and revenue for the three month period ended in June.”
“For the most recent quarter analysts are looking for earnings of $1.38 per share on revenue of $42.01 billion,” Schiavo reports. “Last year Apple posted earnings of $1.85 per share on revenue of $49.6 billion for the 2015 third quarter.”
“”Apple has been in decline for the last few quarters, it’s going to return to growth,” Piper Jaffray senior research analyst and Apple expert Gene Munster said on Bloomberg TV‘s ‘Bloomberg Go’ on Tuesday morning,” Schiavo reports. “‘I think when the growth returns, going from down 8% in 2016 they call it up 10% in 2017 in terms of revenue, I think that’s going to be the key metric,’ Munster continued.”
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