On average, analysts following the company forecast earnings of $1.53 per share, on an adjusted basis, for the final three months of fiscal 2024, which represents an 8% year-over-year decline. The consensus revenue estimate is $13.5 billion for Q4, compared to $13.84 billion in the prior-year quarter.
In the February quarter, revenues increased to $13.3 billion from $12.4 billion in the same period a year earlier. Earnings, excluding special items, were $1.41 per share in the third quarter, compared to $1.22 per share in the prior-year period. On an unadjusted basis, the tech firm reported a net income of $2.40 billion or $0.85 per share for the third quarter, compared to $1.90 billion or $0.68 per share in the corresponding period of 2023.