Apple (AAPL) Reverses, Heads Higher Into Tonight's Earnings

After trading lower earlier, Apple Inc. (Nasdaq: AAPL) is now positive into earnings results due after the close. Shares last traded at $246.41, still down sharply from their recent high of $279.01.

Many expect a "beat" from Apple, but how large it will be will dictate investors' reaction.

Analysts expect the company to report EPS of $3.11 on revenues of $14.75 billion. The Street wants to see a beat of $0.40-$0.50 cents above the consensus, or earnings in the $3.51-$3.61 range, to be considered robust enough to justify a higher share price.

Market Moving News and Intelligence - Free Sign-Up
http://www.streetinsider.com/premium_content.php

You May Also Be Interested In

• Active options: AAPL NVDA TSLA ORCL MU SPCX INTC META MSTR AMZN
• PayPal's CEO Is Planning to Go It Alone and Fix the Payments Giant - WSJ
• Retail investors cautious on Apple after event, Webull UK’s Saunders says