Investing.com - Apple reported fiscal second-quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The company reported earnings per share of $2.46 on revenue of $58.02 billion. Analysts polled by Investing.com expected EPS of $2.37 on revenue of $57.58 billion. That compared to EPS of $2.73 on revenue of $61.14 billion in the same period a year earlier.
Apple shares (NASDAQ:AAPL) gained 4% in after-hours trading following the report. If the $211.25 price holds on Wednesday, Apple's market capitalization will top $1 trillion for the first time since Nov. 2. Microsoft (NASDAQ:MSFT) had its first close with a $1-trillion market cap on Tuesday after briefly topping $1 trillion twice last week.
Apple’s iPhone revenue fell 18% from the year-ago period to $31 billion, in line with expectations, according to Briefing.com. Services revenue jumped 24% to $11.4 billion, also in line with forecasts.
For its fiscal third quarter, Apple predicts revenue of $52.5 billion to $54.5 billion, compared with the consensus forecast of $52.09 billion compiled by S&P Capital IQ.
Apple also raised its quarterly dividend to 77 cents per share from 73 cents per share.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar.