NEW YORK ( TheStreet) -- Expectations were high for Apple's ( AAPL - Get Report) fiscal second-quarter earnings report, and the consumer tech giant didn't disappoint. Apple reported adjusted earnings of $6.40 per share on quarterly revenue of $24.67 billion, vs. analyst estimates of $23.34 billion and earnings of $5.37 a share. In the year-ago period, Apple reported $13.5 billion and $3.33 a share. The company shipped a huge amount of iPhones -- 18.65 million vs. the 16.2 million sold in the previous quarter. The surge was likely due in part to the device's expansion to Verizon ( VZ) in February. Apple also reported that iTunes saw its best quarter yet, pulling in sales of $1.4 billion. Despite the company's usual conservative guidance for the upcoming quarter, Apple shares surged in after-hours trading, rising more than 4% to $356.31. Click above to read our report of Apple's conference call with executives. --Blog written by James Rogers and Scott Moritz in New York. >To follow the writers on Twitter, go to http://twitter.com/TheStreet_Tech. >To submit a news tip, send an email to: firstname.lastname@example.org.