Apple Shares Explode To An All-Time High After Killer Earnings

apple logo

Photo: S. Baker via Flickr

Shares of Apple spiked to an all-time high during after-hours trading Tuesday after posting first-quarter earnings that surpassed Street expectations.The stock was last up more than 9%.

The tech giant reported revenue of $46.33 billion versus analysts’ estimates $38.76 billion.

Apple posted $13.87 earnings per shares compared with estimates of $10.07. 

In after-hours trading, Apple’s market cap is at ~$422.39 billion, while Exxon is currently at ~$418.53 billion.

SEE ALSO:  Apple Earnings Are Out And It’s A Blowout >>

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at