Apple Will Announce Fiscal Q4 2016 Financial Results on October 27

Apple on Monday announced it will share its earnings report for the fiscal fourth quarter of 2016 o Thursday, October 27.

The earnings report should indicate what kind of reception the new iPhone 7 and iPhone 7 Plus has received, as early sales of the new devices will be included in the earnings. While Apple traditionally has announced launch weekend sales numbers for new iPhones, they didn’t do so for this release.

The Cupertino firm’s fiscal Q3 revenue was $42.5 billion, with a net quarterly profit of $7.8 billion, ($1.42 per diluted share). That was down from $49.6 billion in revenue, $10.7 billion in net quarterly profit, and $1.85 per diluted share in the year-ago quarter.

Apple previously provided the following guidance for its fiscal 2016 fourth quarter:

• Revenue between $45.5 billion and $47.5 billion
• Gross margin between 37.5 percent and 38 percent
• Operating expenses between $6.05 billion and $6.15 billion
• Other income/(expense) of $350 million
• Tax rate of 25.5 percent

Apple will release its Q3 2016 earnings statement at 1:30PM Pacific time, 4:30PM Eastern time. A conference call will follow at 2:00PM Pacific, 5:00PM Eastern. MacTrast will provide coverage of the results and the call. Be here on the 27th for all the action. Aloha!