Having topped analysts' estimates last quarter by 2 cents per share, EMC (NYSE:EMC) is expected to deliver its latest earnings on Tuesday, July 24, 2012.
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Analysts currently expect EMC to come in with earnings of 33 cents per share on revenues of $5.29 billion. Estimates from analysts range from 32 cents per share to 34 cents per share. The average estimate has shown no movement over the last three months.
The stock fell $3.66 per share between May 8, 2012 and June 28, 2012. Looking at change over the last three months, April 23, 2012 and July 18, 2012, the stock price fell $2.58 (-9.3%), from $27.66 to $25.08.
Company Fundamental Trends
Analysts are bullish on the stock as 27 analysts rate it as a buy and there are no sell ratings. Analyst sentiment has been waning recently, as the average rating has dropped slightly over the past three months.
Last Quarter's Results
In the first quarter, profit rose 23% to $586.8 million (27 cents a share) from $477.1 million (21 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 10.6% to $5.09 billion from $4.61 billion.
Reporting Period: 2Q
Date of Release: Tuesday, July 24, 2012
EPS: 33 cents
Revenue Estimate: $5.29 billion
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)