Results due from tech giants Apple, Twitter and LinkedIn
Apple takes centre stage with iPhone sales driving up their profit margins
Apple is expected to report good growth driven by iPhone sales, with the iPhone 6 and iPhone 6 Plus both a success. Photograph: David Paul Morris/Bloomberg.
Apple takes centre stage after US markets close today, and is expected to report good growth driven by strength in iPhone sales, with the iPhone 6 and iPhone 6 Plus both proving extremely successful. Thomson Reuters has consensus estimates of $2.14 in earnings per share (EPS) on $55.76 billion in revenue. Wall Street analysts are forecasting similar revenue with slight higher EPS of $2.16 a share.
While releasing first quarter results, Apple guided revenues range $52-$55 billion for the second quarter.
Twitter, which reports tomorrow, is also expected to have strong Q1 earnings. Goldman Sachs, which said Twitter’s product development “should help drive user growth and engagement”, has forecast Twitter to deliver $460 million in revenue with Ebitda of $99 million, both of which are slightly above Wall Street expectations.
Twitter’s last results, for the period ending December 31st 2014, were $-0.15 per share.Wall Street analysts are expecting Twitter to show a loss of 21 cents per share for the first quarter in its coming earnings report.
LinkedIn last posted its quarterly earnings results on February 5th, reporting earnings per share of $0.61 for the quarter. The company had revenue of $643.43 million for the quarter, higher than the consensus estimate. During the same quarter last year, the company posted $0.39 earnings per share. Analysts are expecting LinkedIn to have earnings-per-share of $3.03 this year.