Monday, July 18, 2011

Apple Earnings Expectations

Tomorrow Apple will report their earnings, which will likely be another record quarter with steady iPad 2 sales and App Store success. On average, Apple has been outperforming EPS guidance by 41% and revenue has been 16% higher than normal. Continuing with this trend, Apple should report EPS of $7.09 on over $26 billion in revenue.

Wall Street is expecting just under $25 billion in revenue with an EPS of $5.75.

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