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Barchart
Barchart
Kritika Sarmah

Earnings Preview: What to Expect From Apple's Report

Apple AAPL

Cupertino, California-based Apple Inc. (AAPL) designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories. Valued at $3.5 trillion by market cap, the company also offers payment, digital content, cloud, and advertising services. The tech giant is expected to announce its fiscal fourth-quarter earnings for 2024 after the market closes on Thursday, October 31. 

Ahead of the event, analysts expect AAPL to report a profit of $1.54 per share on a diluted basis, up 5.5% from $1.46 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports. Its EPS of $1.40 surpassed the consensus estimate by 4.5% in the previous quarter.

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