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.

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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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