For the October quarter, the company has guided adjusted earnings of $0.89-0.99 per share and unadjusted profit in the range of $0.74 per share to $0.84 per share. Analysts are looking for adjusted earnings of $0.93 per share on revenue of $14 billion for the fourth quarter. This compares with earnings of $0.90 per share and revenue of $13.82 billion reported in the fourth quarter of 2023.
In the third quarter of 2024, net revenue increased 2% year-over-year to $13.5 billion. Meanwhile, adjusted earnings declined 3% from last year to $0.83 per share in Q3.