CUPERTINO, Calif. (AP) — CUPERTINO, Calif. (AP) — Apple Inc. (AAPL) on Monday reported fiscal fourth-quarter earnings of $30.71 billion.

On a per-share basis, the Cupertino, California-based company said it had net income of $2.10. Earnings, adjusted for non-recurring gains, were $2.05 per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.98 per share.

The maker of iPhones, iPads and other products posted revenue of $114.48 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $112.95 billion.

Apple shares have increased 25% since the beginning of the year, while the S&P's 500 index has climbed 10%. In the final minutes of trading on Monday, shares hit $339.31, a rise of 25% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AAPL at https://www.zacks.com/ap/AAPL