The earnings report is scheduled for release at 4:05 pm ET. It is widely expected that Q3 earnings increased 15% year-over-year to $2.82 per share on revenues of $60.77 billion, which represents a 15% increase.
Of late, the management’s growth initiatives have mostly been focused on AI integration. In the second quarter, earnings rose to $21.9 billion or $2.93 per share from $16.4 billion or $2.20 per share in the comparable period of the previous year. The bottom line benefited from an 18% growth in revenues to $61.02 billion.