Apple Forecasts based on a Predictive Algorithm
Apple Stock News: Earning Report Announcement Apple Stock News: Apple will present its earnings results for the third fiscal quarter on July 28, 2022. The
Apple Stock Summary: Despite the decline in iPhone sales, the company’s Q4 earnings beat analyst’s expectations and drives Apple stock price to new records. Apple
Apple released its second quarter earnings report on Tuesday after the markets closed and narrowly beat expectations. The company posted earnings per share of $1.85 and revenue of $49.6 billion. While these figures did beat expectations of $1.81 and $49.43 billion, the stock traded as much as 7% yesterday in after-hours trading as investors were unimpressed by the smallest EPS beat in two years. The recent quarter is traditionally the company’s weakest, but guidance for the coming quarter was also short of expectations leading to the selloff.
Apple’s stock price could climb much higher this week as the upcoming earnings report for the first quarter of the fiscal year 2015 will be released on January 27th. This report is expected to boost investor confidence, as analysts are bullish for the company, expecting revenue to come in at the high-end or even above Apple’s guidance from the previous earnings report.
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I Know First-Daily Market Forecast, does not provide personal investment or financial advice to individuals, or act as personal financial, legal, or institutional investment advisors, or individually advocate the purchase or sale of any security or investment or the use of any particular financial strategy. All investing, stock forecasts and investment strategies include the risk of loss for some or even all of your capital. Before pursuing any financial strategies discussed on this website, you should always consult with a licensed financial advisor.