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.