When the announcement comes, the market will be looking for earnings of $0.93 per share for the July quarter, which is higher than the $0.90/share it earned in the corresponding period of 2023. The consensus revenue estimate for Q3 is $14.05 billion.
In the second quarter, adjusted net profit dropped 19% from last year to $0.42 per share but came in above consensus estimates. On a reported basis, net income was $314 million or $0.24 per share in Q2, is down by a fourth from the year-ago quarter.
The tech firm’s revenues increased modestly to $7.2 billion in the second quarter from $6.8 billion in the prior-year period.
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