Apple Inc. (NASDAQ:AAPL) will be holding its quarterly conference call for the third fiscal quarter of 2013 on July 23, announced the company on Monday. At the conference call, CEO Tim Cook and CFO Peter Oppenheimer are expected to discuss the quarterly performance of the company.
The upcoming earnings call was revealed in an update to the Investor Relations webpage. The conference call will include the performance over the past three months along with forward looking statements for the next quarter.
Apple Fiscal Q2 Performance
During the second quarter, the iPhone posted revenues that beat Wall Street estimates, but the growth in profits was the slowest in last ten years.
Investors Flock To Hedge Funds As Markets Recover
According to a recent Credit Suisse survey, investors are more interested in hedge funds than any other major asset class going into the second half of the year. Q1 2020 hedge fund letters, conferences and more This is a big switch from investor sentiment in the first half of 2020. Indeed, hedge fund launches slowed Read More
Apple Inc. (NASDAQ:AAPL) reported earnings per share of $10.09 on revenue of $43.6 billion, which beat the consensus earnings of $10.02 per share, on revenue of $42.4 billion. Last year, Apple earned $12.30 per share on revenue of $39.2 billion.
Apple’s share prices have not been impressive this year, the main reason being the change in the method for calculating guidance figures. The iPhone maker has started using more realistic guidance figures that took the market by surprise giving an impression the company is no more in the massive growth period.
Estimates for Apple’s Fiscal Q3
For the current quarter, Apple Inc. (NASDAQ:AAPL) expects revenue between $33.5 billion and $35.5 billion. The gross profit margin is forecasted between 36 percent and 37 percent with operating expenses between $3.85 billion and $3.95 billion. Other income/(expense) are estimated to be around $300 million.
Things to watch out for
Apple Inc. (NASDAQ:AAPL) may also announce its next dividend payout date during the conference call on July 23. Earlier, Apple Inc. (NASDAQ:AAPL) raised its quarterly dividend from $2.65 a share to $3.05 a share.
Another important thing to watch out will be number of devices sold as there have been reports, recently that Apple Inc. (NASDAQ:AAPL) has slashed its iPhone build orders for the rest of 2013.
It’s not doubt that Investors will be closely watching the conference call, however, the upcoming results become all more important for investors as the shares of the company are currently trading in the lower $400 range.
The conference call is scheduled for Tuesday, July 23, at 2 p.m. Pacific / 5 p.m. Eastern.