Leading tech company Apple Inc. (AAPL) is scheduled to release its fiscal 2023 fourth-quarter results on November 2, 2023, after the market close. Analysts expect its EPS to increase 7.9% year-over-year to $1.39 for the quarter that ended September 2023. However, the company’s revenue for the to-be-reported quarter is expected to decline 0.8% year-over-year to $89.40 billion.
Apple didn’t provide official financial guidance. It hasn’t provided guidance since 2020, given uncertainty. But the consumer electronics giant did provide some data points on how it sees its September quarter. AAPL’s CFO Luca Maestri said the company’s current quarter would report a similar year-over-year decline in revenue as the June quarter.
