As per analysts’ average estimate, Q4 revenue is expected to be $22.07 billion, which is slightly higher than the $21.93 billion recorded in the prior-year quarter. They predict an 8% increase in Q4 adjusted earnings to $5.35 per share.
In the third quarter, adjusted profit came in at $3.86 per share, compared to $3.41 per share in the year-ago period. On a reported basis, net income was $879 million or $3.51 per share in the February quarter, vs. $771 million or $3.05 per share in the corresponding period of 2023. Total revenues were $21.7 billion in the third quarter, compared to $22.2 billion a year earlier.