No, Apple often outdoes its previous quarterly results, but fails to meet lofty analyst expectations, so its price falls after earnings.

Exceeding expectations with a price drop afterwards is inexplicable.

I think I remember that happening to Google at least once. There are expectations and "expectations". Analysts' published expectations are often different than the ones they believe privately, and the expectation might be to exceed the "expectation".

Beating published analyst expectations isn't the same as beating the actual expectations of investors. One might reasonably expect the actual market expectations to be loosely correlated with analyst's published expectations, and they probably are, but its probably only loosely correlated.