RTTNews | Jan 27, 2022 04:34PM EST

16:34 Thursday, January 27, 2022 (RTTNews.com) - Apple Inc. (AAPL) released earnings for its first quarter that increased from the same period last year and beat the Street estimates.

The company's earnings came in at $34.63 billion, or $2.10 per share. This compares with $28.76 billion, or $1.68 per share, in last year's first quarter.

Analysts on average had expected the company to earn $1.89 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 11.2% to $123.95 billion from $111.44 billion last year.

Apple Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $34.63 Bln. vs. $28.76 Bln. last year.-EPS (Q1): $2.10 vs. $1.68 last year.-Analyst Estimate: $1.89-Revenue (Q1): $123.95 Bln vs. $111.44 Bln last year.

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