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Stock Analyst Update

Apple's Quarter: Mmm, Mmm, Good

Strong growth and margins made fiscal second-quarter earnings delicious.

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With now two strong quarters of growth under its belt, Apple Computer (AAPL) continues to demonstrate that it’s a good bet in the personal-computer industry.

The recipe for Apple’s excellent fiscal second-quarter performance was strong margins and unit growth. Earnings before investment gains were $0.88 per share during the period, or 9% better than the consensus estimate of $0.81 per share. Apple actually reported earnings per share of $1.28, but investment gains of $100 million boosted the company’s bottom line.

Jeremy Lopez does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.