On average, analysts following the company forecast earnings of $1.48 per share, on an adjusted basis, for the second quarter, which represents a 10% year-over-year increase. The consensus revenue estimate is $14.12 billion for Q2.
In the August quarter, revenues increased to $13.31 billion from $12.45 billion in the same period a year earlier. Excluding special items, earnings were $1.39 per share in the first quarter, compared to $1.19 per share a year earlier. On an unadjusted basis, the tech firm reported a net income of $2.93 billion or $1.03 per share for Q1, compared to $2.42 billion or $0.86 per share in the prior-year quarter.