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Update: Apple Beats Lowered Estimates

 

Earnings Scorecard
Actual Estimated* Year-Ago
-$0.61 -$0.65 $0.50
Updated from 4:50 p.m. ET

Apple(AAPL Quote) finally had revenge, of a sort, reporting after the bell that the company's first-quarter loss was narrower than analysts were expecting.

Apple, which shipped 659,000 Macintosh computers during the quarter, also forecast fiscal 2001 revenue of about $6 billion, just slightly below analysts' estimates of $6.01 billion. The company reported revenue of $7.98 billion for fiscal 2000. ...

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