Apple has announced the date and time of the company’s fiscal year 2016 third quarter earning release and conference call.
Apple’s conference call to discuss Q316 results is scheduled for Tuesday, July 26, 2016 at 2pm PDT / 5pm EDT. The company will announce results that day after market close, typically right around 1:30pm PDT / 4:30pm EDT. As always, we’ll bring your the results as soon as they are available (simply check our home page at 4:30pm EDT on July 26th) and we plan to cover the conference call with live notes as usual. That link will appear on our home page around 4:45pm EDT earnings day.
Apple will provide live audio streaming of its FY 16 Third Quarter Results Conference Call using Apple’s HTTP Live Streaming (HLS) technology. The live webcast will begin at 2pm PDT / 5pm EDT on July 26, 2016 at www.apple.com/investor/earnings-call/ and will also be available for replay for approximately two weeks thereafter. Live audio streaming requires a Mac with Safari 6.0.5 or later on OS X v10.8.5 or later, an iPhone, iPad or iPod touch with Safari on iOS 7.0 or later, or a crappy Windows 10 PC with Microsoft Edge.
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:
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Definitely, AAPL will tank on third quarter earning release.
It’s much harder to predict Wall Street than it is to predict Apple, but this coming quarter, nobody is expecting any great numbers from Apple. All the bad news should have been baked in, so if Apple performs close to their previous guidance, I would be surprised if Apple tanked.
… but Wall Street is a pretty weird place where logic has no place, so anything could happen on the day.
Apple’s trends in sales are primarily the result of decisions made by Apple. How Wall Street sets Apple stock price is acknowledging the decision making that preceded the sales trends.
Why do you people only agree with Wall Street when Wall Street raises Apple stock price? Ya’ll act like spoiled and petulant children who never get what they want when you want it.