Apple on Monday scheduled its fiscal 3rd quarter earnings announcement for July 21st. The company will release its earnings report after the closing bell, and then hold its conference call with analysts at 5:00 PM EDT/2:00 PM PDT. Apple will stream that call to the public.
Investors and analysts will be paying close attention to Apple's iPhone sales to see whether or not the company's incredible success with iPhone 6 and iPhone 6 Plus continues. They will also be looking for information on Apple Watch, as Apple has kept those numbers close to its vest. Apple Music, which launches on the last day of the 3rd quarter, June 30th, will also be of interest.
Apple's guidance for the quarter was for revenue between $46 and $48 billion, with gross margins between 38.5 and 39.5 percent. Wall Street consensus estimates are at $48.6 billion in revenue with earnings per share (EPS) of $1.76.
In Q3 2014, Apple reported $37.4 billion revenue and EPS of $1.28.
Shares of Apple Inc. closed Monday lower at $124.53, down $2.22 (-1.75 percent), on heavy volume of 49.2 million shares trading hands.
*In the interest of full disclosure, the author holds a tiny, almost insignificant share in AAPL stock that was not an influence in the creation of this article.