CUPERTINO, Calif. _ Apple reported its fiscal second-quarter results Tuesday, and the world's most-valuable company gave its shareholders a lot to smile about.
Apple lived up to its word that it would repatriate more of its overseas cash. It said the ability to have more flexible access to such funds would help it start a new, $100 billion stock-repurchasing plan when it completes its current buyback plan during its fiscal third quarter.
Apple also said it will raise its quarterly stock dividend payment by 16 percent, to 73 cents a share.
Led by what Apple Chief Executive Tim Cook called "strong revenue growth in iPhone, services and wearables," the company reported a profit of $2.73 a share, on $61.1 billion in revenue.
Those results topped the estimates of Wall Street analysts, who had forecast Apple to earn $2.68 a share, on sales of $60.84 billion.
Investors showed their satisfaction with Apple's report by sending the company's shares up 4 percent, to $175.88, in after-hours trading. The company's shares ended the regular trading session with a gain of 2.3 percent, at $169.10.
