CUPERTINO, Calif. (AP) _ Apple Inc. (AAPL) on Thursday reported fiscal third-quarter earnings of $11.25 billion.
On a per-share basis, the Cupertino, California-based company said it had net income of $2.58.
The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2.03 per share.
The maker of iPhones, iPads and other products posted revenue of $59.69 billion in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $51.94 billion.
Apple shares have increased 31% since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. In the final minutes of trading on Thursday, shares hit $384.76, a rise of 84% in the last 12 months.