Why Apple, Inc. Stock Jumped on Wednesday

Shares of technology giant Apple (NASDAQ: AAPL) surged as much as 6.5% on Wednesday. The move follows Apple's third-quarter earnings release after market close on Tuesday. Shares are up 5.3% at the time of this writing.

Apple's fiscal third quarter featured stronger-than-expected revenue and earnings per share. Revenue and EPS rose 7% and 17%, respectively, to $45.4 billion and $1.67. On average, analysts expected revenue of $44.9 billion and EPS of $1.57.

Image source: Apple.

Source: Fool.com