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Before the call: Apple expected to post lower Q1 profit

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Apple Inc. (NYSE: AAPL) is scheduled to present fiscal first-quarter 2009 results today in a conference call at 5:00 PM Eastern. To listen in to the webcast, see Apple Financial Results on Apple's website. Or follow live coverage on The Unofficial Apple Weblog.

Analysts surveyed by Thomson Reuters expect Apple to report a fourth-quarter profit of $1.39 per share, 21.0% lower than in the year-ago period. Revenues for the quarter are expected to be marginally higher than a year ago to $9.7 billion. Apple earnings have topped estimates in the past five quarters, by as much as 15 cents per share.

For the full year, analysts are so far expecting lower earnings and higher sales as well. The long-term EPS growth forecast is 18.9%, and the consensus recommendation of analysts remains to buy Apple. The share price fell to a new 52-week low yesterday and is about 51% lower than it was a year ago.

See BloggingStocks' Apple coverage for more information about Steve Jobs and Apple.

Visit AOL Money & Finance for more earnings coverage.

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Last updated: November 09, 2009: 02:52 PM

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