Apple (AAPL) - Get Report continued the largely positive run enjoyed by large-cap tech stocks this earnings season, reporting June quarter results that beat analyst expectations for both earnings and revenues on Tuesday after the close.
The tech giant reported earnings per share of $2.18 on sales of $53.8 billion, compared to consensus estimates of $2.09 and sales of $53.3 billion, according to FactSet. Apple guided for September quarter revenue of $61 billion to $64 billion, above a $60.9 billion consensus. iPhone revenue fell 12% year over year to $25.99 billion, falling a bit short of a consensus of $26.31 billion.
Shares of Apple were rising 4.2% to $217.50 in after-hours trading with its market cap breaking through $1 trillion at those levels.
TheStreet and Real Money columnist Eric Jhonsa is analyzing Apple's earnings report and its call with analysts, which begins at 5:00 p.m. E.T. To submit questions, please sign in at the top of the chat window and type in your question.