Apple on Monday announced plans to report quarterly earnings for the second fiscal quarter of 2019 at the end of trading on April 30, with company executives expected to detail the period’s highs and lows in an ensuing investor conference call.
Announced in an update to Apple’s Investor Relations webpage, the forthcoming conference call is scheduled for Tuesday, April 30, at 2 p.m. Pacific, 5 p.m. Eastern.
Company CEO Tim Cook and CFO Luca Maestri are expected to provide an in-depth breakdown of segment financials for the three-month period ending in March, potentially offering an early look at the performance of newly released iPad and AirPods models. The pair is also anticipated to field questions from select analysts.
Following a rare guidance revision in January, Apple posted earnings of $84.3 billion in revenue on the back of $52 billion in iPhone sales. Despite a handset revenue contraction of 15 percent year-over-year, the company touted a 19 percent uptick in overall growth driven in large part by solid sales in other sectors.
“While it was disappointing to miss our revenue guidance, we manage Apple for the long term, and this quarter’s results demonstrate that the underlying strength of our business runs deep and wide,” Cook said during last quarter’s conference call.
Read more at AppleInsider.com