Apple Smashes Expectations!
Business Update: Apple Smashes Estimates!
Shares of Apple hit a lifetime high after quarterly results showed consumers continued to snap up millions of iPods and iPhones. Conway Gittens reports.

Shares of Apple hit a lifetime high after quarterly results showed consumers continued to snap up millions of iPods and iPhones. Conway Gittens reports.

John Paulson had another conference call with investors today, with CNBC’s Scott Cohn.

Insight on initial jobless claims, with James Paulsen, Wells Capital Mgmt.

Ford Motor earned 46 cents a share in the first quarter, beating estimates of 31 cents a share. CNBC’s Phil LeBeau has the details.

Markets are in the red after a wealth of disappointing data from pending home sales and ISM manufacturing, with Steven Ricchiuto, Mizuho Securities USA Inc. and John Canally, LPL Financial.

Some hotel properties are managing to buck the downturn, with Stephen Bartolin, The Broadmoor, and John Scott, Rosewood Hotels & Resorts.

US tech bellwether Intel reported a near quadrupling of profit in the first quarter. It also raised its full-year margins outlook. “We’re delighted with the performance, to see a record Q1 on the back of a tough 2009,” Graham Palmer, UK MD at Intel, said Wednesday. “From a European perspective, we exceeded our expectations.”