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Notable Earnings To Watch Next Week – LLY, AAPL, PG, MRK, PFE, CVX

Apple Inc. (AAPL)
Apple Inc. (AAPL)

Tech giant Apple Inc. (AAPL) will publish its Q3 financial results on Tuesday, July 30. Wall Street analysts expect the company to report earnings of $2.10 per share on revenue of $53.39 billion for the quarter.

Q3 Outlook:

* Sees Q3 revenue between $52.5 bln and $54.5 bln.
* Expects gross margin between 37% and 38%.

Year-Ago Numbers:

* Net Sales - $53.3 Bln
* Net Income - $11.5 Bln
* EPS - $2.34.

Recent Happenings:

July 25, Apple Inc. said it agreed to acquire the majority of Intel's smartphone modem business in a transaction valued at $1 billion. With the acquisition, Apple will hold over 17,000 wireless technology patents. Intel will retain the option to develop modems for non-smartphone applications, such as PCs, internet of things devices and autonomous vehicles.