Apple earnings could bring profit setback, despite record sales
Apple could make history tomorrow with its biggest second-quarter sales yet, though it's also expected to log its first decline in profit in 10 years.
That's what analysts anticipate in Tuesday's second-quarter earnings report, which will spell out the company's performance through the end of March.
Wall Street is expecting Apple to post earnings of $10.12 per share on sales of $42.6 billion, based on a poll of 48 analysts from Thomson First Call. That's down from earnings of $12.30 per share, and up from the $39.2 billion in sales from … Read more
