The stock has popped in after-hours trading more than 2% on strong revenue and profit after Apple reported first fiscal quarter earnings on Tuesday.

But Apple also guided revenue significantly lower, suggesting the iPhone company could post revenue of between $51 and $53 billion next quarter; significantly less than the Street's expectation of $54 billion.

Apple also declared a cash dividend of $0.57 per share on Tuesday.

Here are Apple's key earnings figures versus Wall Street's expectations:

  • Q1 EPS (GAAP): $3.36, up 2% year-over-year, versus expectations of $3.22
  • Q1 revenue: $78.4 billion, up 3% year-over-year, versus expectations of $77.4 billion
  • Gross margin: 38.5%, versus expectations of 38.4%
  • iPhone unit sales: 78 million, up 4% year-over-year, versus expectations of 76.3 million
  • iPhone ASP: $694, versus expectations of $688
  • iPad unit sales: 13 million, versus 16.12 million in the year-ago quarter
  • Mac unit sales: 5.3 million, versus 5.3 million in the year-ago quarter
  • Upcoming quarter revenue guidance: between 51.5 billion and 53.5 billion

--Business Insider

Published on: Jan 31, 2017