Apple to release Q3 Financial Report on Wednesday--Likely to beat Analysts' Estimated Earnings of $.72 per Share

On Wednesday, Apple will release its financial report for its third fiscal quarter that ended June 30. A conference call with investors to discuss the quarter's performance will be streamed live via QuickTime audio from this Apple Web page.

In it's Q2 report, Apple provided conservative estimates for its Q3 performance.

"Looking ahead to the third fiscal quarter of 2007, we expect revenue of about $5.1 billion and earnings per diluted share of about $.66," said Peter Oppenheimer, Apple's CFO.

Apple will almost certainly beat their own estimate, probably by a healthy margin. Apple will probably also beat the analysts' consensus earnings per share estimate of $.72. But it will not be due to the terrific sales of the iPhone which only began during the last two days of Q3. [Bill Fox]