Scalper1 News
After five straight quarters of accelerating earnings growth, Apple’s (AAPL) torrid pace is seen easing in the March quarter. The Cupertino, Calif.-based consumer electronics company is scheduled to report fiscal second-quarter earnings after the market close Monday. Analysts polled by Thomson Reuters expect Apple to earn $2.15 a share, up 29.5% year over year, on sales of $55.91 billion, up 22.5%. Over the last five quarters, Apple’s year-over-year EPS growth has been 5%, 15%, 19.6%, 20.3% and 48%. After a monster December quarter, fueled by the release of the iPhone 6 and iPhone 6 Plus, Apple’s growth is expected to decelerate but remain at an enviable level for a company of its size. Apple’s sales had accelerated the last prior quarters, but they’re expected to dip a bit in Q2. Apple’s year-over-year revenue growth for the last four quarters has been 5%, 6%, 12% and 30%. Key to the quarterly… Scalper1 News
Scalper1 News