What to expect from Apple’s Q219 earnings report on April 30th

Apple’s “fiscal second-quarter results, due after the close of trading on April 30, come with the stock up 31% year to date through Wednesday’s close at $207.16 per share,” Jon Swartz reports for Barron’s. “The S&P 500 has gained about 17%.”
“Wall Street analysts are looking for earnings of $2.36 per share, according to FactSet, and revenue of $57.6 billion,” Swartz reports. “Apple reported revenue of $61.1 billion during last year’s second quarter, leading to earnings of $2.73 per share.”
“First-quarter revenue was $84.3 billion, with earnings coming in at $4.18 per share. Apple reported a record $10.9 billion in services revenue, up 19% from the same quarter a year earlier,” Swartz reports. “A conference call with investors is scheduled for 5 p.m. ET on Tuesday.”
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MacDailyNews Note: On January 29, 2019, Apple provided the following guidance for its fiscal 2019 second quarter:
• revenue between $55 billion and $59 billion
• gross margin between 37 percent and 38 percent
• operating expenses between $8.5 billion and $8.6 billion
• other income/(expense) of $300 million
• tax rate of approximately 17 percent
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Apple’s Q219 earnings will be revealed on April 30th – April 2, 2019