Apple will report its FY 08 first quarter results at 4:30 PM Eastern Time Tuesday, immediately following the market’s close. The company will have a conference call with financial analysts at 5:00 PM.
Apple will stream the conference live via QuickTime. Macworld will also bring readers live coverage.
Apple’s stock has gotten slammed this month since its all-time high close of $198.95 on Dec. 26, 2007, losing about 20 percent of its value since then. The loss in valuation reflective of the financial markets as a whole, which have been in veritable freefall since the beginning of the year. Apple’s announcements at Macworld Expo last week did little to stem the drop.
Analysts polled by Thomson Financial expect Apple to report earnings of $1.61 per share on revenue of $9.44 billion, up from $1.14 per share on $7.11 billion for the same quarter a year ago. That would be well over Apple’s guidance, which predicts $1.42 per share on $9.2 billion in revenue.