Updated with stock prices and conference call comments.
CUPERTINO, Calif. (
flew past targets on a blowout iPhone sales performance.
The Mac maker on Tuesday posted adjusted earnings of $3.33 a share, up from the $1.79 profit in the year-ago quarter and well above the analysts' estimates of $2.45.
Sales for the fiscal second quarter ended last month were $13.5 billion, up from $8.16 billion last year and greatly exceeding the $12.02 billion analysts were looking for.
Looking ahead, Apple says it expects earnings of between $2.28 and $2.39 a share on sales in a range between $13 billion to $13.4 billion. The midpoint of that guidance is a projected profit of $2.33 a share on $13.2 billion in revenue. Analysts were looking for a profit of $2.70 on $13 billion in sales.
Apple shares closed down 1% in regular trading at $244.59. When trading resumed, Apple shares roared past another all-time high, adding $14.42, or 6%, to trade at $259.01 in the after hours.
Apple investors have a track record for hitting the sell button to lock in gains. After watching the stock more than double in the past year, some tech investors are
On an earnings call with analysts, Apple executives said that sales strength, especially with the iPhone, was helped by a big performance in Asia. Specifically, Apple said sales in China grew 200% to $1.3 billion in the past six months.
--Reported by Scott Moritz in New York
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