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AAPL Stock Jumps In After Hours Trading After Q2 2013 Report

AAPL Stock Jumps In After Hours Trading After Q2 2013 Report

Investors seem pleased with what Apple had to say in their Q2 2013 financial report released earlier today, as AAPL stock rose in after hours trading.

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Apple reported $43.6 billion in revenue (up from $39.2 billion in the year-ago quarter) along with $9.5 billion in quarterly net profit, working out to earnings of $10.09 per share.

Apple also announced additional plans for their massive cash stockpile. The company will be increasing their stock dividend by a full 15%, and has increased their stock buyback program from $10 billion to $60 billion. Together, these steps account for an additional $100B in cash returned to stockholders.

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