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Apple Posts 2Q Profit of $12.30 Per Share, Beating Expectations

By NewsCore

CUPERTINO, Calif. -- Apple said Tuesday it posted a fiscal second-quarter profit of $11.6 billion, or $12.30 per share, on revenue of $39.2 billion, handily beating expectations with the help of strong iPhone sales.

Analysts polled by Thomson Reuters had expected the computer giant to report a profit of $10.02 a share on revenue of $36.7 billion.

The company said it shipped 35.1 million iPhones in the period and 11.8 million iPads.

In after-hours trading, Apple shares were up more than six percent on the news.

Shares of Apple have risen more than five-fold since March 2009, but have given up nearly 11 percent since peaking on April 9.

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// Apple // Stocks
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