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.

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