CUPERTINO, Calif. – CUPERTINO, Calif. (AP) _ Apple Inc. (AAPL) on Tuesday reported fiscal fourth-quarter profit of $9.01 billion.
The Cupertino, California-based company said it had profit of $1.67 per share.
The results beat Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $1.66 per share.
The maker of iPhones, iPads and other products posted revenue of $46.85 billion in the period, which also topped Street forecasts. Eleven analysts surveyed by Zacks expected $46.83 billion.
For the current quarter ending in January, Apple said it expects revenue in the range of $76 billion to $78 billion. Analysts surveyed by Zacks had expected revenue of $73.47 billion.
Apple shares have climbed 12 per cent since the beginning of the year, while the Standard & Poor’s 500 index has risen roughly 5 per cent. In the final minutes of trading on Tuesday, shares hit $118.25, a climb of roughly 3 per cent 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 http://www.zacks.com/ap/AAPL
_____
Keywords: Apple, Earnings Report, Priority Earnings
