Apple Soars Following Q2 Top & Bottom Line Beat, Stock Split, Dividend Raise, Increased Buyback

(NASDAQ:

) just reported second quarter results which significantly beat analyst estimates, sending the stock soaring over eight percent after trading resumed. The company reported earnings per share of $11.62 versus $10.17 analyst estimates. Revenue came in at $45.65 billion versus $43.55 billion analyst estimates. Revenues were up 4.7 percent from $43.6 billion a year ago. Apple also announced a 7-for-1 stock split, raised the stock buyback plan by $30 billion to $130+ billion and increased the quarterly dividend by eight percent from $3.05 to $3.29 per share. Sales for the iPhone came in at 43.7 million, iPads at 16.35 million, and Macs at 4.1 million. Management sees third quarter sales in the range of $36.0-$38 billion versus analyst estimates of $37.87 billion. “We're very proud of our quarterly results, especially our strong iPhone sales and record revenue from services,” said

, Apple's CEO. As of this writing, shares of Apple are up over seven percent after hours.