CUPERTINO, Calif. (AP) — CUPERTINO, Calif. (AP) — Apple Inc. (AAPL) on Thursday reported fiscal second-quarter net income of $24.16 billion.
The Cupertino, California-based company said it had net income of $1.52 per share.
The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.44 per share.
The maker of iPhones, iPads and other products posted revenue of $94.84 billion in the period, which also topped Street forecasts. Ten analysts surveyed by Zacks expected $93.32 billion.
Apple shares have risen 28% since the beginning of the year, while the S&P's 500 index has climbed almost 6%. In the final minutes of trading on Thursday, shares hit $165.79, falling slightly 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 AAPL">Zacks stock report on AAPL at https://www.zacks.com/ap/AAPL