LIVE: Here come Apple's Q3 earnings - Business Insider

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Investors eyes’ will be on Apple and its CEO, Tim Cook, as it reports its fiscal third-quarter results Tuesday afternoon.

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Wall Street has muted expectations forApple’s latest earnings report.

The electronics giant is slated to announce its fiscal third quarter resultsafter the market closes on Tuesday.On average, the analysts polled by Bloomberg expect Apple to report that its profit fell from the year-earlier period on flat sales.

Apple has been struggling with a slump in demand in Chinathat analysts attribute to both the high costs of its phones and to growing economic nationalism among Chinese consumers. In the first half of its current fiscal year, Apple saw sales in its greater China region, which includes Hong Kong and Taiwan as well as the Chinese mainland, fall by more than 20%.

Here’s what analysts are expecting and how those forecasts compare with Apple’s year-earlier results:

• Q3 Revenue:$53.4 billion. In the same period a year ago, the company posted sales of $53.3 billion.


• Q3 earnings per share (GAAP):$2.10. In its third quarter last year, Apple earned $2.34 a share.


• Q4 Revenue:$61 billion. Last year, Apple saw sales of $62.9 billion in its fourth quarter.


• Q4 EPS:$2.69. The iPhone maker earned $2.91 a share in the same period of 2018.

In afternoon trading leading up to Apple’s report, its shares were little changed. In recent trading, its stock price was up 7 cents, or less than 1%, to $209.75.

We will be updating this story after Apple reports its results. Refresh this page or click here for updates.

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