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Apple Earnings Preview: Low Bar Could Set the Stage for Post-Earnings Rally

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Stocks Analysis by Investing.com (David Wagner) covering: Apple Inc, Tesla Inc. Read Investing.com (David Wagner)'s latest article on Investing.com

Identify top stocks and build outperforming portfolios with InvestingPro, for less than $9 a month thanks to our limited 1-year subscription offer) today as the tech giant releases its highly anticipated quarterly results after the markets close. Apple, the world's second-largest company by market capitalization, holds immense sway over the broader market, making its performance a crucial indicator for investors.

Revenues are forecast to reach $90.608 billion, a 4.5% decrease compared to the same quarter last year. Can Apple defy expectations and deliver a positive surprise that reignites investor confidence? Tonight's results are set to be a pivotal moment for the tech giant.Analysts predict Apple's EPS to reach $1.51, slightly lower than the $1.52 reported a year ago. This suggests the stock is trading at relatively low levels ahead of the earnings release, and analyst expectations are modest.

You can also use the promo code ACTUPRO (to be entered on the payment page, after selecting the subscription of your choice viaThis content is prepared purely for educational purposes, and cannot be considered as investment advice.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

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