CUPERTINO, Calif. (AP) _ Apple Inc. (AAPL) on Thursday reported fiscal second-quarter earnings of $11.25 billion.
The Cupertino, California-based company said it had profit of $2.55 per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.09 per share.
The maker of iPhones, iPads and other products posted revenue of $58.31 billion in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $53.67 billion.
Apple shares have increased slightly since the beginning of the year, while the Standard & Poor’s 500 index has decreased almost 10%. In the final minutes of trading on Thursday, shares hit $293.95, an increase of 44% in the last 12 months.
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
The Associated Press