Today, Apple will release their fiscal first quarter 2020 earnings report, after market close, right around 4:30pm ET.
Analysts expect Apple earnings of $4.54 per share. Revenue will likely be around $88.43 billion, according to the consensus estimate.
EPS in the same period a year ago totaled $4.18. Revenue was $84.31 billion. If the company were to report inline earnings when it publishes results Tuesday, earnings would be up 8.61%. Sales would be up 4.89% on a year-over-year basis.
MacDailyNews Note: Here’s what Wall Street is expecting, according to Refinitiv:
• EPS: $4.55
• Revenue: $88.50 billion
• iPhone revenue: $51.62 billion
• Services revenue: $13.07 billion
• Other Products revenue: $9.52 billion
• Mac revenue: $7.15 billion
• iPad revenue: $6.70 billion
• Q2 revenue guidance: $62.45 billion
• Q2 margins guidance: 38.2%
As always, as soon as Apple reports earnings, we’ll have them for you right around 4:30pm ET. Following shortly thereafter, we’ll have live notes during Apple’s conference call with analysts starting at 5pm EDT. Check our home page starting at 4:30pm ET for the results and around 4:45pm for the link to live conference call coverage.