DNA - AAPL Stock: When Are Apple Earnings 2022?
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Investors in Apple (NASDAQ:AAPL) stock are anxiously waiting for the company’s upcoming earnings report, which is set to take place on Thursday!
According to the tech company’s website, investors can expect earnings for the fiscal third quarter of 2022 to release after markets close that day. This will have Apple following up the release with a conference call at 5:00 p.m. Eastern Time.
So what can investors expect from the upcoming Apple earnings report? Wall Street is expecting the tech giant to report earnings per share of $1.16 on revenue of $82.6 billion. For comparison, AAPL reported EPS of $1.30 alongside revenue of $81.4 billion in its fiscal third quarter of 2021.
Investors will be watching Apple for signs of slowing business due to the current economy. The company has already revealed plans to reduce hiring as it feels the impact inflation is having on the economy. Adding to that are rising interest rates, fears of a recession, as well as the rising value of the U.S. dollar.
While Apple has mostly been immune to these factors so far, experts are predicting the company will start showing signs of their impact. That means traders might see slowing sales growth, and other negatives, in the upcoming earnings report.
AAPL stock is down slightly as of Monday morning and is down 15.8% since the start of the year.
Investors looking for more of the latest stock market news are in the right place!
We’ve got all of the hottest stock market coverage traders need to know about on Monday! That includes everything happening with shares of Revelation Biosciences (NASDAQ:REVB), Vinco Ventures (NASDAQ:BBIG), and Ginkgo Bioworks (NYSE:DNA) stock today. You can get all of that info from the links below!
More Monday Stock Market News
- Revelation Biosciences (REVB) Stock Soars 90% After Reporting Trial Results
- BBIG Stock Alert: Vinco’s co-CEOs Threaten Nasdaq Noncompliance
- Why Is Ginkgo Bioworks (DNA) Stock in the Spotlight Today?
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
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