Apple Inc (NASDAQ:AAPL) shares are moving higher on Thursday as investors position ahead of the company’s second-quarter earnings report, which arrives after the closing bell.
- Apple stock is showing upward movement. Why are AAPL shares climbing?
What To Expect From Apple
Wall Street is looking for second-quarter revenue of $109.68 billion, up from $95.36 billion in the same quarter last year. Apple has topped revenue estimates for 12 straight quarters, and the setup suggests analysts expect another strong showing.
On the earnings side, the Street is calling for EPS of $1.94, up from $1.65 a year ago, another metric Apple has beaten consistently.
This quarter carries extra weight because it comes shortly after Apple confirmed that Tim Cook will hand the CEO role to John Ternus in September. Market strategist Jay Woods noted that the leadership change could dominate the …