CUPERTINO, Calif. (AP) _ Apple Inc. (AAPL) on Tuesday reported fiscal third-quarter profit of $21.74 billion.

On a per-share basis, the Cupertino, California-based company said it had net income of $1.30.

The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1 per share.

The maker of iPhones, iPads and other products posted revenue of $81.43 billion in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $73.14 billion.

Apple shares have climbed 11% since the beginning of the year, while the S&P's 500 index has risen 17%. In the final minutes of trading on Tuesday, shares hit $146.77, a climb of 55% in the last 12 months.

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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