Apple to report Q4 earnings this week

Apple will report its fourth-quarter financial results on Wednesday after the markets close. Analysts surveyed by Thomson First Call are expecting earnings, on average, of 50 cents a share, up from 38 cents a share a year ago. Revenue for the quarter is expected to be $4.4 billion, up from $3.69 billion last year, on strong iPod and MacBook demand. Marketwatch notes that it will be the first Apple financial report since the company said that it will restate some past earnings because an internal probe found evidence of employee stock option grant irregularities.