Apple on Wednesday announced that will report and discuss earnings results for the company’s third fiscal quarter of 2021 on Tuesday, July 27.
The company also announced that it will be holding a call with analysts. The call is scheduled for 2 p.m. Pacific (5 p.m. Eastern) on Tuesday, typically lasts an hour, and will feature CEO Tim Cook and CFO Luca Maestri offering prepared remarks before taking questions from financial analysts.
During its Q2 2021 earnings call, the company did not provide specific guidance for the third quarter. However, it did note that, while it expects “strong double-digit growth” during the period, it’s also predicting a greater-than-normal sequential decline.
Per the conference call, Apple is expected to offer updates as to its product line, and while Apple’s June quarters are typically slower, analyst Katy Huberty expects the company to beat both guidance and Wall Street expectations during the period. A combination of stronger-than-usual iPhone demand and App Store estimates leads Huberty to believe that Apple will report a June quarter beat.
Current Wall Street consensus predicts that Apple will report revenue around $72 billion and an earnings-per-share of $0.99.
In 2020, Apple reported quarterly revenue of $59.7 billion in the third quarter, up 11 percent year-over-year.
Stay tuned for additional details as they become available.
Via AppleInsider and investor.apple.com