DOWNLOAD News Apple Earnings Projected to Increase APK

DOWNLOAD News Apple Earnings Projected to Increase APK

Wall Street is high on Apple, expecting it to report earnings that are up 14% from a year ago when it reports its third-quarter earnings on Tuesday, July 22, 2014. The consensus estimate is $1.22 per share, up from earnings of $1.07 per share a year ago.






Over the past month, the consensus estimate has risen from $1.21, but it’s the same as the estimate from three months ago. For the fiscal year, analysts are projecting earnings of $6.30 per share. Revenue is expected to be $37.93 billion for the quarter, 7% higher than the year-earlier total of $35.32 billion. For the year, revenue is expected to come in at $181.66 billion.



Over the last four quarters, revenue rose 10% on average year-over-year. The biggest boost came in the most recent quarter, when revenue increased 29% from the year-ago quarter.




The profit increase in the second quarter followed a decline in net income in the previous quarter. The 48% profit increase in the most recent quarter brought the figure to $10.22 billion. One quarter prior, net income was down less than a percent year-over-year.



The majority of analysts (79%) rate Apple as a buy. This compares favorably to the analyst ratings of nine similar companies, which average 50% buys.



Apple offers a range personal computers, mobile devices, and portable digital music and video players. The company also sells related software, services, peripherals, and networking solutions. Super Micro Computer, also in the computer hardware industry, will report earnings on Tuesday, August 5, 2014. Analysts are expecting earnings of $0.34 per share for Super Micro Computer, up 79% from last year’s earnings of $0.19 per share. Hewlett-Packard, another company in the computer hardware industry is also expected to report soon, on Wednesday, August 20, 2014.



Earnings estimates provided by Zacks.



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This story was originally published on forbes.com DOWNLOAD APK

DOWNLOAD News Apple Earnings Projected to Increase APK