Apple Inc. will look to snap its streak of revenue declines when it reports fiscal fourth-quarter results Thursday afternoon.
The company has seen revenue fall on a year-over-year basis during each of the past three quarters, and it’s a close call as to whether Apple AAPL, +1.89% will break from that pattern with its coming results: Analysts are looking for $89.3 billion in September-quarter revenue, just below the $90.1 billion it posted a year earlier. But Apple also has a history of beating top-line estimates, only missing the consensus view in three of the past 20 quarters, according to FactSet data.
What to expect Earnings: Analysts expect the company to record $1.39 in earnings per share, up from $1.29 a year before. Revenue: The FactSet consensus calls for $89.3 billion in revenue, down from $90.1 billion a year prior.Stock movement: Apple shares have risen after four of the company’s past five earnings reports, though they fell 4.8% after the company’s most recent earnings. The stock is up 36% so far this year, while the Dow Jones Industrial Average DJIA has gained about 1%.
What analysts are saying Don’t miss: Apple faces ‘ominous’ setup heading into earnings, analyst warns