Apple Inc. (NASDAQ:AAPL) is set to announce fourth quarter earning results on Thursday 29th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, AAPL to report 4Q20 income of $ 0.70 per share.
For the full year, analysts anticipate top line of $ 273223.00 million, while looking forward to income of $ 3.24 per share bottom line.
Previous Quarter Performance
Apple Inc. unwinded income for the third quarter of $ 2.58 per share, from the revenue of $ 59,685.00 million. The quarterly earnings up 18.35 percent while revenues extended 10.92 percent compared with the same quarter last year.
The consensus estimates are income of $ 2.04 per share from $ 52247.70 million in revenue. The bottom line results beat street analysts by $ 0.54 or 26.47 percent, at the same time, top line results outshined analysts by $ 7,437.30 million or 14.23 percent.
Stock Performance
Shares of Apple Inc. traded low $ -5.40 or -4.63 percent on Wednesday, reaching $ 111.20 with volume of 143.94 million shares. Apple Inc. has traded high as $ 115.43 and has cracked $ 111.13 on the downward trend
According to the previous trading day, closing price of $ 111.20, representing a 119.38 % increase from the 52 week low of $ 53.15 and a 15.49 % decrease over the 52 week high of $ 137.98.
The company has a market capital of $ 1,901.80 billion and is part of the Technology sector and Consumer Electronics industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.82 per share on July 30, 2020. The dividend were payable on August 13, 2020 to holders of record as of the close of business on August 10, 2020 and ex-dividend date on August 7, 2020.
Conference Call
Apple Inc. will be hosting a conference call at 5:00 PM eastern time on 29th October 2020, to discuss its 4Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.apple.com
Apple Inc. designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications.
