Apple CEO Tim Cook gestures on stage during an Apple special event in San Francisco, California

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Apple shares rose more than 3 percent during after-hours trading, following a third quarter earnings report that beat Wall Street estimates. The tech giant reported earnings per share of $2.34, beating analysts' expectations of $2.18 per share. It also reported strong numbers for revenue of $53.27 billion, beating Wall Street estimates of $52.34 billion.