Apple to release its 2007 Fourth Quarter Financial Report Later Today

Apple will release its 2007 Q4 financial report later today. The consensus estimated earning per share (EPS) from analysts is $0.86 (range $0.72-0.98) on revenue of $6.07 billion (range $5.70-6.44 billion). Apple's 2006 Q4 EPS was $0.51 so a huge increase is expected. In addition, Apple almost always beats the consensus estimate.

We expect Apple to do far better than its Q4 guidance issued last July:

"Looking ahead to the fourth fiscal quarter of 2007, we expect revenue of about $5.7 billion and earnings per diluted share of about $.65," Peter Oppenheimer, Apple's CFO.

There will be an audio webcast conference call with analysts at 2 pm PT (5 pm ET) today where Apple executives will answer questions about the report--tune in from this Apple Web page. [Bill Fox]