Apple Inc. said Tuesday its second quarter results beats consensus forecasts but shares fell after it gave a conservative outlook for the current quarter.
The company posted a net profit of $1.21 billion, or $1.33 a share, in its fiscal second quarter ended March 28, from $1.05 billion, or $1.16 a share, in the year-ago quarter.
Analysts were expecting a profit of $1.09 a share, according to Reuters Estimates.
It has sold 11.01 million iPods, 2.22 million Macs computers and 3.79 million iPhones in the said quarter.
Today, also Apple's reported it had activated of 1.6 million iPhones in the March quarter with US partner AT&T.
We are extremely pleased to report the best non-holiday quarter revenue and earnings in our history, said Peter Oppenheimer, Apple's CFO.
Apple has almost $29 billion in cash and marketable securities, expects third quarter to be robust in revenue of $7.7 billion to $7.9 billion and earnings per share in the range of about $.95 to $1.00.
It forecast earnings for the current quarter of 95 cents to $1.00 a share on revenue of $7.7 billion to $7.9 billion.
Shares of Apple closed the regular session down 25 cents at $121.51 on the Nasdaq and rose to $124.60 in extended trading.