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CUPERTINO, Calif. (AP) — CUPERTINO, Calif. (AP) — Apple Inc. (AAPL) on Thursday reported fiscal first-quarter earnings of $36.33 billion.
The Cupertino, California-based company said it had profit of $2.40 per share.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2.36 per share.
The maker of iPhones, iPads and other products posted revenue of $124.3 billion in the period, which also beat Street forecasts. Nine analysts surveyed by Zacks expected $124 billion.
Apple shares have decreased 5% since the beginning of the year, while the S&P's 500 index has climbed 27%. In the final minutes of trading on Thursday, shares hit $237.56, 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