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Apple Inc. (AAPL) - Get Apple Inc. Report shares are rising after-hours after the company reported third-quarter earnings of $2.34 per share on revenue of $53.27 billion. 

Analysts were expecting Apple to report earnings of $2.18 per share on revenue of $52.34 billion, according to analysts polled by Thomson Reuters. Apple shares were up more than 2% after the market closed. 

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The tech giant expects to generate revenue between $60 billion and $62 billion in the fourth quarter with a gross margin between 38% and 38.5%. 

Wall Street has a consensus fourth-quarter revenue estimate of $59.47 billion on earnings of $2.65 per share. 

"We're thrilled to report Apple's best June quarter ever, and our fourth consecutive quarter of double-digit revenue growth," said Tim Cook, Apple's CEO. "Our Q3 results were driven by continued strong sales of iPhone, Services and Wearables, and we are very excited about the products and services in our pipeline."

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