Shares in Apple Inc. gained ahead of the company’s Q3 earnings report, rising US$4.22 (+1.72%) to $249.80 in afternoon trading. The gains largely retrace the ground lost Monday, when AAPL lost $4.32 in heavy trading. Apple reports its June earnings at 2:00 PM Tuesday, after the closing bell.
Thomson Reuters consensus estimates currently have Apple expected to report revenue of $14.75 billion, up 77% over the year ago period, with earnings per share (EPS) expected to be $3.11, up from $1.35.
Analysts and investors will be looking for any color on Apple’s iPhone 4 sales going forward, the company’s ability to meet demand with the device, as well as performance for the iPad, which went on sale in early in the quarter.
*In the interest of full disclosure, the author holds a small share in AAPL stock that was not an influence in the creation of this article.