CUPERTINO, Calif. (AP) — CUPERTINO, Calif. (AP) — Apple Inc. (AAPL) on Thursday reported fiscal second-quarter earnings of $24.78 billion.
On a per-share basis, the Cupertino, California-based company said it had net income of $1.65.
The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.61 per share.
The maker of iPhones, iPads and other products posted revenue of $95.36 billion in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $94.26 billion.
Apple shares have dropped 15% since the beginning of the year, while the S&P’s 500 index has dropped almost 5%. In the final minutes of trading on Thursday, shares hit $213.32, an increase of 26% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AAPL at https://www.zacks.com/ap/AAPL
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