Will be longer than a few months..lolApple shares are still "on sale." The price will certainly rise back to the 52 week highs "when the dust settles." Yep, that may be a few months, but it will happen as it always does after an earnings report.
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Apple to Announce Q3 2022 Earnings on July 28
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TIL! Yes I didn’t realize that different companies can have different fiscal quarter starts.It's literally stated on Apple's website that it's for Q3 2022 earnings.
Investor Relations - Apple
investor.apple.com
Investor Updates
FY 22 Third Quarter Results
Apple’s conference call to discuss third fiscal quarter results is scheduled for Thursday, July 28, 2022 at 2:00 p.m. PT / 5:00 p.m. ET.
Apple's Fiscal Year ≠ Calendar Year which is what you're thinking of.
Some companies used to start their fiscal year on April 1. Not sure why, but they did. Others start their fiscal years at different times. I guess a lot depends on when they were founded and what was convenient way back when they started doing that.
Companies that have large payrolls, large numbers of employees, will be snowed under during December and January in the USA taking care of the tax requirements mandated by the government which are related to employees. It is probably easier to move their fiscal year start date away from the first of the year so they don't have to take care of both at the same time.
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