By: Gigaom
January 24, 2012 at 17:33 PM EST
Apple’s after-hours stock surge makes it most valuable U.S. company
Following Apple's announcement of record revenue and profit for its first financial quarter of 2012, its stock is surging in after hours trading. Ahare value has climbed to around 452, or 32 points above closing, which translates to a market cap of roughly $421 billion.

Following Apple’s release of record numbers in terms of revenue, profit and product sold for its first financial quarter of 2012, its stock value rose quickly in after-hours trading. As of this writing, share value has climbed to around 452, or more than 32 points higher than at close, which translates to a market cap of roughly $421 billion.

Apple has previously topped the most valuable U.S. company by market cap, Exxon, on other occasions but if the stock surge sticks, it’ll now be ahead of Exxon by around $3 to 4 billion. Apple’s quarterly profit of $13 billion is the second-highest reported figure on record from a U.S. company, surpassed only by Exxon in 2008, which boasted a $14.8 billion quarter.

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