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Message: Apple Shines Once Again

Apple Shines Once Again

posted on Apr 14, 2005 07:23AM
Apple Shines Once Again

By Paul Shread

Apple (Quote, Chart) made a mockery of analysts` estimates once again after the close on Wednesday.

Apple`s earnings of 34 cents a share were a dime better than Wall Street forecasts, and sales soared 70% to $3.24 billion, topping $3.21 billion estimates.

Apple shipped 5.3 million iPods and 1.07 million Macintosh units in the quarter.

Apple also raised June quarter guidance to 28-cent earnings and $3.25 billion revenues, again above Wall Street`s expectations. Despite the stellar results, Apple shares were little changed after hours.

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