Apple Q3 Earnings Preview Causes Stocks To Recover

The past few weeks have been extremely tough for Apple as the company has been working on ways to negotiate the Antennagate. As we had correctly predicted last week, the stock prices of Apple have taken quite a tumble in the past few days with the company losing as much as $9 billion in market […]

The past few weeks have been extremely tough for Apple as the company has been working on ways to negotiate the Antennagate. As we had correctly predicted last week, the stock prices of Apple have taken quite a tumble in the past few days with the company losing as much as $9 billion in market capitalization.

However, Apple (NASDAQ:AAPL) may see a minor recovery ahead of the quarterly results announcements. According to a Thomson Reuters poll to analysts, Apple is likely to report about $14.74 billion in revenue that is driven by the sale of 8.35 million iPhones, 9.8 million iPods, 3.2 million Macs and 3.3 million iPads. The corresponding EPS is likely to hover around the $3.10 mark.

The positive outlook is already having its impact in the market. The stock is currently trading at 246.69 – up 0.45% in intra-day trading. It will be interesting to see how much the stock recovers its fall in the past few days once the actual results are announced.