Shares of Apple (AAPL) - Get Report  rose after the tech giant reported earnings that beat expectations and strong guidance for the current quarter. 

The stock was rising 1.46% to $246.81 a share in post-market trading, after having finished flat in regular hours. 

Earnings per share came in at an adjusted $3.03 for its fiscal year fourth quarter, beating estimates of $2.84 and rising 4% year-over-year. Revenue was $64.04 billion, beating estimates of $63.015 billion and rising 2%. iPhone sales came in at $33.362 billion, beating estimates of $32.773 billion. Analysts were already expecting a strong quarter for iPhone sales, as the company's new iPhone 11s are sold at a lower price point than previous new models were. 

Mac sales were $6.991 billion, slightly below expectations. iPad revenue was $4.656 billion. Wearables, Home and Accessories, which includes the Apple Watch, was $6.52 billion, a jump of 54%.

Services revenue was $12.511 billion, also ahead of expectations. 

"We concluded a groundbreaking fiscal 2019 with our highest Q4 revenue ever, fueled by accelerating growth from Services, Wearables and iPad," said Tim Cook, Apple's CEO. "With customers and reviewers raving about the new generation of iPhones, today's debut of new, noise-cancelling AirPods Pro, the hotly-anticipated arrival of Apple TV+ just two days away, and our best lineup of products and services ever, we're very optimistic about what the holiday quarter has in store."

For the current quarter, Apple is guiding for revenue of between $85.5 billion and $89.5 billion, with the midpoint higher than analyst's expectation of $86.737 billion. Gross margin is guided for between 37.5% and 38.5%, better than analysts' expectations of between $37.5%. 

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