Apple’s Earnings Are Next Week. Analysts Are Expecting More.
Apple shares are trading higher Tuesday as the Street continues to ratchet up expectations for the company’s June quarter earnings report, now a week away.The Wall Street consensus view is that Apple will post revenue of $72.9 billion, up 22% from a year earlier, with profits of $1 a share. When it reported its March quarter results, Apple didn’t issue specific financial forecasts for the June quarter, but said it expects “strong double digit” revenue growth on a year-over-year basis. Managemen