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Apple shares soar as fiscal third-quarter earnings beat expectations

An Apple store in Manhattan.

Shares of Apple Inc. rallied 4.7% in Tuesday’s extended session after the tech giant turned in stronger-than-expected quarterly earnings and iPhone sales met expectations.

The iPhone maker reported fiscal third-quarter earnings of $8.72 billion, or $1.67 a share, compared with $7.8 billion, or $1.42 a share, a year earlier. Analysts...