Tuesday, July 19, 2011

Apple's Q3 Earnings Call

Later this afternoon Apple will have their 2011Q3 earnings call to reveal their financial results shortly after the close of the market. Apple is offering an audio-only live stream on their website. The earnings call will occur at 4pm in the United States (MidWest) and 5 PM Eastern. Many are expecting that Apple will beat earnings expectations as usual, just depends on how much the analysts have been lowballed.

JP Morgan analyst Mark Moskowitz added a $450 price target for Apple shares last week, he is expecting Apple to beat expectations “by a lot.” Apple has beat Wall Street estimates the past 13 quarters, today will likely be the 14th.

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