Analysts forecast earnings of $3.17 per share for Q3, on an adjusted basis. In the prior-year quarter, the company had generated earnings of $3.65 per share. Wall Street is looking for a 2.4% increase in third-quarter revenues to $14.78 billion.
In the second quarter, net income per share, excluding one-off items, decreased to $4.14 per share from $5.03 per share in the corresponding period a year earlier. Earnings exceeded analysts’ estimates, marking the eighth beat in a row. Revenues increased to $14.99 billion in Q2 from $14.18 billion in the comparable period of 2023. The top line came in slightly below estimates.