Apple Inc. (AAPL Quick QuoteAAPL - Free Report) put an old-school beat-down on Q1 2017 estimates from the Zacks consensus: $3.36 per share on sales of $78.4 billion easily topped the #3.22 per share and $76.93 billion expected. iPhone sales totaled 78.3 million in the quarter, ahead of the 77.3 million in the company's unit guidance. Gross margins came in-line with expectations at 38.5%.

Importantly, the company has finally ended its string of decreasing revenue and unit growth. Apple clearly benefited in the quarter from difficulties Samsung had with its Note 7 release, and Apple CEO Tim Cook announced that iPhone sales picked up more Android switchers than ever before. iPad sales were shy of projections where Mac sales came roughly in-line. For more information on Apple's earnings results, click here.

Electronic Arts (EA Quick QuoteEA - Free Report) posted a relatively confusing Q1 earnings report on the bottom line, as changes to the company's earnings accounting have made it difficult to make an apples-to-apples comparison. Revenues of $2.07 billion beat the Zacks consensus estimate of $2.06 billion. The after-market has been trying to sort these difficulties, first trading down 1% on the news, whereas the stock has now swung into positive territory in the late session.

The debut earnings report for Arconic since the split from Alcoa (AA Quick QuoteAA - Free Report) was positive, if unspectacular. Earnings of 12 cents per share on quarterly sales of$2.97 billion beat the Zacks consensus estimates of 11 cents and $2.92 billion in revenues. Margin expansion was evident in all of Arconic's sectors. Revenue guidance for full-year 2017 was in-line, while for Q1 guidance was a little light.