Finance

LIVE: Apple Q2 earnings (AAPL)

Tim CookApple CEO Tim Cook.Reuters

Apple will report its second fiscal quarterly earnings results after the market closes on Tuesday.

Apple stock hit an all-time high on Tuesday as investors anticipate a big second half of the year for the world’s most valuable public company.

Although the first three months of the calendar year are typically a slower sales period for Apple, coming right after the blowout holiday quarter, Apple is still expected to report revenue growth of 5% year-on-year.

That should be a happy sign for investors after 2016 saw Apple report its first annual revenue decline since 2001.

Here’s what Wall Street analysts are expecting, via Bloomberg:

  • Q2 EPS (GAAP): $2.02
  • Q2 revenue: $53.1 billion
  • Gross margin: 38.7%
  • iPhone unit sales: 51.4 million
  • iPhone Average Selling Price: $666
  • 3Q quarter revenue guidance: $45.7 billion
  • 3Q margin guidance: 38.3%

We’ll be covering Apple’s results and its earnings conference call live, so click here to update this post with the latest info.

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