Earnings Could Be a Catalyst for Apple Stock
Apple Inc. (NASDAQ:AAPL) stock started losing its appeal about a year ago. Its most recent earnings report in April sparked the latest round of downturn. Now, the company is reporting earnings again, could it do even more damage to Apple stock?
It's possible, but the damage could be limited.
First, let's take a look at what analysts are expecting.
For the third quarter of Apple's fiscal 2016, Wall Street is expecting revenue of $42.11 billion, down 15.1% year-over-year. Bottom line is expected to deteriorate.
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Apple Inc. (NASDAQ:AAPL) stock started losing its appeal about a year ago. Its most recent earnings report in April sparked the latest round of downturn. Now, the company is reporting earnings again, could it do even more damage to Apple stock?
It's possible, but the damage could be limited.
First, let's take a look at what analysts are expecting.
For the third quarter of Apple's fiscal 2016, Wall Street is expecting revenue of $42.11 billion, down 15.1% year-over-year. Bottom line is expected to deteriorate.
Den vollständigen Artikel lesen ...