Apple reports Q1 earnings of $18.36B

CUPERTINO, Calif. — Apple Inc. on Tuesday reported fiscal first-quarter earnings of $18.36 billion. The Cupertino, Californiabased company said it had net income of $3.28 per share. The results surpassed Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of $3.24 per share.