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Apple Jumps 5%: FYQ3 Beats, Q4 Rev View Tops Consensus

Apple (AAPL) this afternoon reported fiscal Q3 revenue and profit that comfortably topped analysts' expectations, beat with its outlook for revenue this quarter, with iPad tablet sales being the big star.

The company's gross margin came in just a bit above what the Street had been modeling, helping to send Apple shares sharply higher in late trading.

Revenue in the three months ended in June declined 7%, year over year, to $45.4 billion, yielding EPS of $1.67.

Analysts had been modeling $44.89 billion and $1.57 per share in net...