After Facebook, Twitter and Netflix took a beating over their latest earnings results, Apple on Tuesday announced soaring numbers for its third-quarter results.
Apple reported $2.34 in earnings per share on $53.3 billion revenue, beating Wall Street estimates of $2.18 EPS and $52.3 billion revenue. Apple's earnings per share grew 40 percent from a year ago while its revenue rose 17 percent over the same period.
"We're thrilled to report Apple's best June quarter ever, and our fourth consecutive quarter of double-digit revenue growth," said Apple CEO Tim Cook in a statement. "Our Q3 results were driven by continued strong sales of iPhone, Services and Wearables, and we are very excited about the products and services in our pipeline."
However, Apple's iPhone sales estimate in the quarter ranging from April to June came in shy of analysts' forecasts. It reported 41.3 million sales of its main product. Wall Street analysts had expected 42 million iPhones would be sold during the quarter, according to CNN.
Apple closed Tuesday's trading at $190.29. Within minutes after Apple released its earnings, Apple's shares soared about 3.2 percent in after-hours trading to $196.50 as of 1:55 p.m. PDT.
