Cramer Previews Apple's Earnings
Wall Street is eagerly anticipating earnings results from Apple, which is scheduled to report after Tuesday's closing bell.
The Cupertino, Calif.-based company will release its quarterly numbers at approximately 4:30 p.m. ET, with an earnings conference call scheduled for 5 p.m. ET. Apple's stock has struggled lately, so investors hope the technology company will say something to turn things around.
Shares of Apple closed slightly lower Monday, following the broader market decline, after see-sawing throughout most of the session. The stock briefly dipped below its 50-day moving average of $570 a share earlier in the day. It officially entered correction mode last Friday, tumbling more than 10 percent from its all-time high of $644 a share.
If you ask Jim Cramer, Apple will likely report strong demand for its iPad and iPhone devices. Given the considerable hype surrounding the company, though, he thinks its results will really need to make a bang. The "Mad Money" host said Apple needs to beat not just the consensus estimates, but the highest estimates on Wall Street, which call for $11.80 of earnings per share and roughly $41 billion in revenues.
—Read on for Cramer's full Earnings 'Game Plan' for the remainder of the week
—CNBC.com and Reuters contributed to this report
When this story was published, Cramer's charitable trust owned Apple.
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