By
Rick Aristotle Munarriz
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April 23, 2011
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I went over the four reasons that Apple (Nasdaq: AAPL ) was unlikely to disappoint investors with its quarterly report on Wednesday night.
In retrospect, I should have included a fifth reason: Apple is as Apple does.
As expected by all but the perpetually lowballing analysts, Apple crushed Wall Street's targets. Revenue soared 83%, with profits nearly doubling. Bears can pick on the weak iPad sales, but everyone knows that the iPad 2 was in short supply last month. The impressive feat is how the company was still able to obliterate analyst guesstimates.
Briefly in the news
And now let's take a quick look at some of the other stories that shaped our week.
- DISH Network (Nasdaq: DISH ) filed its intent to retain 500 store leases of the 1,700-unit Blockbuster chain it acquired out of bankruptcy court. Will the other 1,200 locations be closed down, or is DISH just saving money to finally pay TiVo (Nasdaq: TIVO ) ?
- E*TRADE (Nasdaq: ETFC ) posted a better-than-projected quarterly profit, two days after rival TD AMERITRADE (Nasdaq: AMTD ) beat analyst estimates.
- Intuitive Surgical (Nasdaq: ISRG ) is seeing procedure growth decelerate on its flagship da Vinci surgical robotics, though it's hard to scoff at 30% growth.
- Shares of VMware (NYSE: VMW ) popped after the enterprise-software company delivered a strong quarter. After disappointing investors in its previous outing, it's comforting to see the virtualization-software pioneer back on track.
Until next week, I remain,
Rick Munarriz
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