Apple Beats the Street

Intel gains on revenue rise; UPS falls on lowered fourth-quarter estimates; plus more of Wednesday's stocks in the news

After the close of trading Wednesday, Apple Computer (AAPL ) posted 70 cents first-quarter earnings per share, vs. 17 cents earnings per share, beating consensus estimates of 49 cents earnings per share. Apple had $3.49 billion in sales in the first quarter. The company says it shipped 4.6 million iPods during the first quarter.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.