CUPERTINO, Calif. ( TheStreet) -- With Apple's Antennagate casting haze over the company's stock for much of last week, Apple (AAPL - Get Report) reversed the trend when it reported third quarter earnings at the market close Tuesday.
Bolstered by strong iPhone and Mac sales, Apple trounced targets, posting $3.51 per share, up from the profit of $2.01 in the year-ago period and well above analysts' estimates calling for earnings of $3.11, according to Yahoo! Finance.
Sales for the fiscal third quarter ended last month were $15.7 billion, up nearly double from the $8.34 revenue lever last year, and a whopping $1 billion above analysts' estimates calling for sales of $14.7 billion.Apple's results were driving shares upward in afterhours trading by more than 3% to $259.27. Read TheStreet's live blog of Apple's earnings conference call. And by all means, chime in and let us know what's on your mind regarding Apple and our coverage. --Blog written by Scott Moritz and James Rogers