Apple: Fiscal 3Q Earnings Snapshot
CUPERTINO, Calif. (AP) _ Apple Inc. (AAPL) on Tuesday reported fiscal third-quarter earnings of $10.04 billion.
On a per-share basis, the Cupertino, California-based company said it had profit of $2.18.
The results surpassed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $2.10 per share.
The maker of iPhones, iPads and other products posted revenue of $53.81 billion in the period, also beating Street forecasts. Eleven analysts surveyed by Zacks expected $53.31 billion.
Apple expects full-year revenue in the range of $61 billion to $64 billion.
Apple shares have climbed 32% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 20%. In the final minutes of trading on Tuesday, shares hit $208.78, an increase of nearly 10% in the last 12 months.