The stock price of Apple (NASDAQ: APPL) climbed after the tech giant reported quarterly earnings that exceeded the expectations of Wall Street analysts.
On Tuesday, APPL shares closed a $200.67 each, down by nearly 2 percent, but went up by five percent to $210.76 a piece after-hours when the company released its financial results for the second quarter that ended March 30.
In a statement, Apple CEO Tim Cook said, “Our March quarter results show the continued strength of our installed base of over 1.4 billion active devices, as we set an all-time record for Services, and the strong momentum of our Wearables, Home and Accessories category, which set a new March quarter record.”
In addition, Cook stated that the company achieved is “strongest iPad growth in six years.”
Apple second quarter financial results
For the second quarter, Apple posted $2.46 in earnings per share, higher than $2.36 per share consensus estimate by analysts. Its revenue was $58 billion, better than the $57.4 billion consensus estimate.
