Financial results due from Apple, Facebook and Microsoft
Apple is scheduled to report its third quarter results after the markets close tomorrow. Photograph: Aly Song/Reuters
Apple is scheduled to report its third quarter results after the markets close tomorrow.
Analysts expect the company to report $1.22 in earnings per share on revenues of $37.9 billion, which translates to year-on-year growth of 14 per cent and 7 per cent respectively.
In the same three months of last year Apple earned $1.07 per share on revenue of $35.3 billion.
Apple last issued quarterly earnings in April, during which time it reported earnings per share of $11.62, beating the analysts’ consensus estimate of $10.13.
Video streaming site Netflix is expected to release its earnings for the three month through June today. Analysts are predicting strong results as the services’ original line-up continues to attract new subscribers. They are forecasting earnings of $1.13 per share from the company’s second quarter and revenues of $1.3 billion. During the same period last year the company managed to earn 49 cents on the back of $1.1 billion in revenues.
Microsoft meanwhile is expected to report earnings of 61 cents a share on revenue of $23 billion.
The company last posted its quarterly earnings results in April, when it reported earnings per share of $0.68 for the quarter, beating the consensus estimate of $0.63.
The company posted revenues of $20.40 billion for that quarter.
Wall Street expects Facebook’s earnings per share to climb 68 per cent this quarter, slowing from 183 per cent in the first quarter. The social network has been on an asset-buying spree lately, and the company’s competitive advantages are stronger than ever as a result.
The analysts’ mean estimate is 32 cents a share, a gain of 13 cents (68.4 per cent) from 19 cents during the same quarter last year.