Apple Inc. Q3 Income Climbs, Beats estimates

(RTTNews) - Apple Inc. (AAPL) released a profit for its third quarter that increased from last year and beat the Street estimates.

The company's earnings totaled $19.88 billion, or $1.26 per share. This compares with $19.44 billion, or $1.20 per share, in last year's third quarter.

Analysts on average had expected the company to earn $1.19 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 1.4% to $81.80 billion from $82.96 billion last year.

Apple Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $19.88 Bln. vs. $19.44 Bln. last year. -EPS (Q3): $1.26 vs. $1.20 last year. -Analyst Estimate: $1.19 -Revenue (Q3): $81.80 Bln vs. $82.96 Bln last year.