Apple (AAPL -12.35% to $450.5) reported 1Q EPS of $13.81 ($13.53 expected) compared to $13.87 a year ago on revenue of $54.51B, up 17.7% YoY. Gross margin was 38.6% vs 44.7% in the same period a year ago. The Co sees its 2Q revenue between $41B and $43B ($45.3B average consensus) with a gross margin between 37.5% and 38.5% (40.4% average consensus). Apple also declared a cash dividend of $2.65 per share payable on February 14, 2013. Trading volume was above the 20d average.