AAPL Up 2.8% Ahead of Earnings Report

Shares in Apple Inc. traded higher Monday ahead of the company's Q1 earnings report that will be delivered later in the day after the markets close. In the early afternoon session, the stock was trading at US$203.25, up $5.50 (+2.78%), on strong volume. AAPL had suffered several day of losses amidst broad tech declines, with today's gains leading the sector higher.

Apple will announce its December quarter earnings after the markets close Monday, and host a conference call with analysts at 2:00 PM PST (5:00 PM EST). The company is expected to announce earnings per share of $2.06 on revenue of $12.05 billion.

The Mac Observer will cover the earnings announcement and the conference call with analysts as news develops.

*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.