Movers: Apple, Bear Stearns, Merck, Schering-Plough
Apple (AAPL) reports fourth-quarter EPS of $1.01, vs. 62 cents a year ago, above analysts' estimates, thanks to strong demand for the Macintosh computer, the iPhone handset and new iPods. Sales climbed 29% to $6.22 billion. Analysts had estimated profit of 85 cents on sales of $6.02 billion, according to a Bloomberg survey. The shares rose in after-hours trading.
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