Apple Jumping 6% in Immediate Wake of Q2 Results

Apple

reported Q2 EPS of $12.30 versus consensus estimates of $10.04. Revenues were $39.2 billion compared to Street estimates of $36.76 billion. Gross margins for the quarter came in at 47.4%. In the immediate wake of the much anticipated earnings report, AAPL shares are trading up nearly 6% to $592.78.