As analysts anticipate the July 15 earnings report, they expect a year-over-year decline of 38.2 percent with $4.40 per share earnings. Despite this, revenue is expected to increase 11.9 percent over last July’s report, bringing it to $69.55 billion.
However, last quarter’s report surprised analysts with 20.14 percent revenue growth, beating estimates for the fourth time in a row.
Despite previous surprises, analysts still anticipate the dip in revenue come July’s report.
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