Apple (AAPL) reported Q2 FY 2021 earnings of $1.40 per share (versus $2.55 per share in Q2 FY 2020), beating analysts’ consensus estimate of $0.98 per share.

The company’s quarterly revenues amounted to $89.584 bln (+53.6% y/y), beating analysts’ consensus estimate of $76.837 bln.

The company did not provide Q3 FY 2021 guidance.

Apple's board of directors also declared a cash dividend of $0.22/share, an increase of 7 percent, and authorized an increase of $90 billion to the existing share repurchase program.

AAPL rose to $137.62 (+3.02%) in pre-market trading.