Analysts get their Q4 Apple earnings estimates in line
Apple is scheduled to reveal its Q4 earnings today at 5PM EST, which means analysts far and wide are weighing in on what numbers they expect Tim Cook and company to reveal. The consensus seems to be quite positive, with all of Fortune's long list of professionals an independents agreeing that it's going to be a record-breaking day.
Revenue estimates range from $41.80 billion on the high end to a low of $38.43 billion, which is just a technical way of saying that everyone knows Apple made a whole lot of money, and investors should be happy. Of course, Apple has a history of confusing Wall Street, and good news from the company is often met with a paradoxical drop in stock price, so don't be surprised to see AAPL experience a bit of a roller coaster this afternoon.
