CUPERTINO, Calif. (AP) _ Apple Inc. (AAPL) on Tuesday reported fiscal first-quarter earnings of $22.24 billion.

The Cupertino, California-based company said it had profit of $4.99 per share.

The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $4.54 per share.

The maker of iPhones, iPads and other products posted revenue of $91.82 billion in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $88.02 billion.

For the current quarter ending in April, Apple said it expects revenue in the range of $63 billion to $67 billion. Analysts surveyed by Zacks had expected revenue of $86.18 billion.

Apple shares have climbed 8% since the beginning of the year, while the Standard & Poor's 500 index has risen slightly more than 1%. In the final minutes of trading on Tuesday, shares hit $317.69, more than doubling in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AAPL at https://www.zacks.com/ap/AAPL

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