Handicapping Apple earnings reports has become a bit of a hobby for Wall Street investors. As the Cupertino, Calif. company readies release of fourth-quarter sales figures later Monday, the latest round of three-piece tea leaf-readers are projecting Apple will report a 13 percent jump in earnings on revenue between $8.7 billion and $10.5 billion.
Analysts polled by Thomson Reuters Financial foresee Apple earnings reaching $1.42 per share, higher than Apple’s own public expectations of between $1.18 to $1.23 per share, according to the Wall Street Journal. In 2008, Apple reported earnings rose 26 percent to $1.14 billion during the fourth-quarter ended September 30.