By most measures, Apple had a banner third quarter. It beat Wall Street's expectations for earnings, posting revenue of $7.46 billion and net quarterly profit of $1.07 billion, or $1.19 per diluted share. These results compare with revenue of $5.41 billion and net quarterly profit of $818 million, or $0.92 per diluted share, in the year-ago quarter.

Cautious Guidance Nicks Apple