by Joe Rossignol
Apple announced that it will release its fiscal 2023 fourth quarter earnings results on Thursday, November 2nd. The report will be available at 1:30 pm PT. PT that day, and Apple CEO Tim Cook and CFO Luca Maestri will discuss the results on a conference call with analysts at 2:00 pm PT. Pacific Time.
A live audio broadcast of the call will be available on Apple's investor relations website. page and the recording will be available for playback later in the day.
The quarter ran from July 2 to September 30. During this period, key Apple product releases included the iPhone 15 and Apple Watch Series 9 lineup, Apple Watch Ultra 2, and updated AirPods Pro with USB-C charging case.
Apple has not given official guidance since early 2020 , but analysts expect the company to report quarterly revenue of about $89.2 billion on average. According to Yahoo Finance. Apple reported revenue of $90.1 billion for the year-ago quarter.
Maestri provided the following commentary on Apple's earnings report for last quarter:
We expect that the September quarter results will exceed those of the previous year. Full-year earnings performance will be similar to the June quarter, assuming the macroeconomic outlook for the current quarter does not deteriorate from what we forecast today.
AAPL closed today at $173.66 , which is lower than the previous figure. 52-week high of $198.23.
Tags: Profit, AAPL[20 comments]