Investing
Add as a preferred source on GoogleThe Nov. 2 snapshot came before Apple’s quarterly results, scheduled for later that day. Forward P/E relates a share price to earnings expected over the coming 12 months.
A Nov. 2 pre-report snapshot placed Apple’s forward price-to-earnings ratio at 37.2x, the measure’s highest reading since 2007, ahead of quarterly results scheduled for later that day.
The ratio relates Apple’s share price to earnings projected for the year ahead.
Apple was due to report quarterly results later Monday, Nov. 2.
Revenue and profit exceeded analyst forecasts, while Apple left memory’s effect on its 47.9% gross margin unspecified.
A quote at 1:19 p.m. ET (18:19 UTC) put the stock at $193.56 and was delayed by at least 15 minutes. Take-Two plans to report results Nov. 9.
The Straits Times reported that Apple’s quarterly results beat expectations after regular trading, while its shares had fallen 1.5% during Monday’s session.
