Apple Q2 Results Beat Street View On Strong IPhone, IPad Sales; Authorizes $90 Bln Share Buyback

Shares of Apple Inc. (AAPL) gained over 4% in extended session Wednesday after the tech giant reported a second-quarter profit that doubled from last year, driven by strong sales of iPhones, Macs and iPads. Both earnings and revenues for the quarter trumped Wall Street analysts' estimates. The company also announced a $90 billion share buyback.