Apple Inc. Bottom Line Advances In Q1, Beats Estimates

(RTTNews) - Apple Inc. (AAPL) revealed a profit for its first quarter that increased from the same period last year and beat the Street estimates.

The company's earnings totaled $36.330 billion, or $2.40 per share. This compares with $33.916 billion, or $2.18 per share, last year.

Analysts on average had expected the company to earn $2.34 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 4.0% to $124.300 billion from $119.575 billion last year.

Apple Inc. earnings at a glance (GAAP) :

-Earnings: $36.330 Bln. vs. $33.916 Bln. last year. -EPS: $2.40 vs. $2.18 last year. -Revenue: $124.300 Bln vs. $119.575 Bln last year.