Apple Gains After Posting Positive Earnings Yesterday

Apple (NASDAQ:AAPL) soaring in today’s trading session, up over 10% to $617. This comes after the tech company’s earnings release after the close yesterday where they reported second quarter EPS of $12.30, well above estimates of $10.02.Revenues in the quarter came in at $39.19 billion also beating estimates of $36.87 billion.The company also reported Q2 iPhone sales, selling a whopping 35.1 million units in the quarter. This was well above estimates for 31.2 million units.However, Apple expectations for the third quarter are well below consensus estimates. The company reported EPS expectations of $8.68 verses estimates of $9.96. The company also sees Q3 revenues of $34 billion also below estimates of $37.5 billion.