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.