Apple Profit Beats Forecast, Splits Shares and Boosts Dividend

Apple earnings and revenue topped estimates and the company announced a 7-for-1 stock split and a dividend increase, sending its stock up 8 percent.

Apple announced a 7-for-1 stock split and quarterly profit and revenue beat Wall Street estimates on Wednesday.MICHAELA REHLE / Reuters
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/ Source: CNBC.com
The Apple logo on a retail store in the Marina neighborhood in San Francisco. Apple's profit beat expectations on Wednesday and the company announced a 7-for-1 stock split and a dividend increase.ROBERT GALBRAITH / Reuters

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Apple did not respond to CNBC's request for comment on the report.

- CNBC