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What to Expect Ahead of Apple Inc. (AAPL) and Herbalife Ltd. (HLF) Earnings


Analysts are weighing in on the technology giant Apple Inc. (NASDAQ:AAPL) and global nutrition giant Herbalife Ltd. (NYSE:HLF), as both companies are expected to release their latest financial reports starting around late October.

Apple Inc.

In a research report published Wednesday, FBR Capital analyst Daniel Ives reiterated an Outperform rating on shares of Apple,with a price target of $175, as the company is scheduled to report its fiscal fourth-quarter (Sept) results on October 27 after the bell.

Ives noted, “We expect revenue/EPS in line with consensus estimates of $50.9 billion/$1.89 with 49 million iPhone units for the quarter. Apple has become a battleground stock given the confluence of China headwinds, worries about 6s growth prospects, and uninspiring June results. While concerns over an “iPhone 6 hangover” remain a black cloud over the name, all eyes on the Street are focused on iPhone guidance for the December quarter with a 75 million number being the bogey.”

“Although there are conflicting reports in the supply chain around mixed demand for 6s following stellar opening weekend sales (13 million), we believe this is overblown as Apple has ramped up its supply of iPhones with a few tweaks in order to meet healthy demand...