It's that time of the quarter again when Apple (AAPL) - Get Reportreports its earnings, and analysts and investors breathlessly dissect news of the tech giant's latest results and guidance. For its fiscal third-quarter earnings, which will be released after the close on Tuesday, analysts are expecting fairly modest results, with consensus estimates calling for earnings per share to drop to $1.40 from $1.85 a year earlier, and revenues to fall to $42.2 billion from $49.6 billion as iPhone sales continue to slow.
TheStreet's Jim Cramer, who owns Apple in his Action Alerts PLUS Charitable Trust Portfolio,thinks that Apple will miss estimates "given inputs from multiple suppliers." Of greater interest than its actual quarterly performance, however, will be Apple's plans for its next iPhones. Speculation is that the iPhone 7, which is expected to be released this fall, may only feature incremental improvements, which would be a departure from Apple's pattern in the past.
Follow our live blog below starting at 4:30 p.m. ET for analysis and insights into Apple's earnings report.