Apple announces July 24 earnings call

By Joel Mathis, Macworld |  Business, Apple

Apple has been notable in recent years for its big-bigger-biggest financial success, driven largely by iPhone and iPad sales. Can the company sustain that growth? Investors--and the whole world--will find out later this month when the company conducts it third-quarter earnings call.

The call will take place July 24, according to a note at Apple's investor page.

The report takes place on the heels of "the most amazing March quarter that Apple has ever had." The company's second-quarter results saw a near doubling of profit--to $11.6 billion, on revenue of $39.2 billion--from a year earlier. In response to growing sales and profits, Apple announced that it would offer a $2.65-per-share dividend to investors.

Apple's earnings will also be compared to last year's third quarter--which also reflected sterling results for the company. Last year, the company reported sales of $28.57 billion and net profit of $7.31 billion for the three-month period ended June 25, 2011. Those numbers also reflected a doubling of Apple's profit from the year before that.

The earnings call kicks off at 2 p.m. Pacific on July 24, and Macworld will, as always, have live coverage on Macworld.com.


Originally published on Macworld |  Click here to read the original story.
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