The consensus estimate for July-quarter performance is positive – experts are looking for earnings of $1.75 per share, which is up 47% year-over-year. On average, analysts estimate revenues of $7.87 billion for the second quarter of 2024, up 2%.
In the first quarter, the tech firm’s adjusted profit increased to $1.69 per share from $0.98 per share in the same period last year. On an unadjusted basis, the company reported a profit of $199 million or $0.20 per share in Q1, compared to $28 million or $0.03 per share in the corresponding period of 2023.
First-quarter revenues advanced 11% year-over-year to $8.25 billion, with all key operating segments registering growth.
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